What is it???

The GBPUSD has done something today that it has not done since August 6th 2014? What is it?

The GBPUSD traded above the 100 day MA (blue line in the chart above). The 100 day MA comes in at the 1.51827 level. The high price reached 1.51837.

Bloomberg - for you guide has the 100 day MA at 1.5185. and the high price today at 1.5185. The difference is often that I know my charts use the bid side. They may use the ask side. In both cases - whether it be traded at or traded above - it has not been done since August 6, 2014.

For traders, it is time to lean against it with stops above. Note that the 61.8% of the move down from the February 26th high, comes in at 1.51759. The combination helps to contribute to this area being a tough nut to crack.