GBPUSD moves back toward falling 100 hour MA | Forexlive

The GBPUSD is moving back toward the falling 100 hour MA at 1.20919. The pair in the late London morning/early US session skimmed against the MA level but could not gather any upside momentum.

It would take a move above that level – and stay above – to increase the bullish bias in the short term. Absent that and the downside is still the bias direction and sellers remain in control.