Forex technical analysis: GBPUSD bounces off 100 hour MA . What next? - ConsultFX

Forex technical analysis: GBPUSD bounces off 100 hour MA . What next?

100 hour MA and trend line key on the downside. Can an old ceiling/floor stall the corrective move Last Friday, the GBPUSD peaked above a swing high at 1.3337 area (high from October 23rd), but stalled and wandered lower into the weekend.  On Monday, the price regrouped and made a higher run, only to stall just Copyright 2015 Forexlive.com