GBPUSD rises to high of day and in the process tests the 200 day MA

Technical Analysis

The GBPUSD is moving to a new high for the day and in the process is testing the 200 day MAa at 1.28127.

Will sellers defend the level? This is a key technical level for both buyers and sellers.

This article was written by Greg Michalowski at www.forexlive.com.