GBPUSD traders consolidate the gains between 50% midpoint and 200 hour MA

Pair is higher after Asian session rally, but finds a stall point near the 50% retracement
The GBPUSD rallied from the get-go in the Asian session and in the process continued the trend away from the 100 hour MA (blue line). Buyers were technically encouraged by the move above a topside trend line at 1.2374 early