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GBP/USD testing technical levels this morning
The rising dollar yesterday sent the GBP/USD down to a low at 1.2613 earlier today. In actual fact, as far as the price action is concerned, that low was more about the EUR/GBP rising earlier than it was about the dollar. The GBP/USD had closed in the US last night at 1.2622. It has edged a bit higher so far this morning, reaching 1.2640 a moment ago and what is interesting to note about that, is the 50 and 100 day moving averages are clustered just above that price point, at 1.2641 and 1.2642 respectively. So, it remains to be seen, if the pound can get above those again on a sustained basis, having closed below them last night. The GBP/USD is currently trading at 1.2637
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