GBPUSD falls in sympathy with the EURUSD
The GBPUSD has fallen in sympathy with the EURUSD but at a slower pace (EURGBP is lower). The fall has taken the price back down to the 200 hour MA at 1.25893. Yesterday, that same MA stalled the fall and the price rebounded.
Traders leaned on the first look at the MA level (the 50 % of the move up from Nov. 28th is also at the level).
The EURGBP has fallen (as mentioned). It's price fell below the 100 hour MA at 0.84475 but stalled at the 50% of the move up form the Dec low (that 50% comes in at 0.84374 and that is the low for the day so far). The 200 hour MA (green line in the chart below) will be eyed above. That is the battle for that currency pair.
