GBPUSD trades above and below 200 hour moving average
Focusing back on the hourly chart above, the pair is back below the 200 hour MA and trades at 1.1109 currently.
GBPUSD tested the broken 38.2% retracement and old trendline
Last week, the GPBUSD closed at 1.1183.The high price this week stalled just ahead of the 1.1500 level before rotating back to the downside over the last few days. The current prices lower on the week, but still well above the low prices from last week which reached all the way down to 1.0353.
