With the GBP the strongest currency of the day, the GBPUSD joins in with a move, but runs into resistance

Moves to 100 hour MA

The GBP is the strongest currency but the GBPUSD was little change on the day - until a recent push higher.

That move has taken the price up to the 100 hour MA at 1.40264. Yesterday traded above and below it. The return to it is finding some sellers as risk could be defined and limited. A move above will be needed to kick the pair even higher. The first look is not getting it.

Look to see if the 1.4000 level holds (the 38.2% of the move up is 1.39989). If it does, we could get that next push higher. If not, we might just give up on the upside (with the 200 hour MA below).