The 100 day MA looms ahead at 1.27933

The GBPUSD is back down and trades at the lowest level for the London and NY session. The price is also back to unchanged on the day at 1.2728 (just moving back below that level.). The low for the day was in the first hour of trading today at 1.27133.

The high for the day was still a new high going back to October but fell short of the next key target against the 100 day MA at 1.27932. The high could only get to 1.27742 before rotating back lower.