GBPUSD retraces back toward the highs from yesterday and tries to keep buyers in control - ConsultFX

GBPUSD retraces back toward the highs from yesterday and tries to keep buyers in control

Stalled below the 100 bar MA on the 4-hour chart suggests the battle is still on between buyers and sellers. The GBPUSD moved sharply higher on the back of better than expected service PMI today.