GBPUSD rally stalls at topside trend line, but there is a good reason to think about buying a dip - ConsultFX

GBPUSD rally stalls at topside trend line, but there is a good reason to think about buying a dip

Trend line at 1.2900 currently The GBPUSD has been trending lower over the last 7 or so trading days and in the process, has stayed well below the 100 hour MA.  Below the MA is a channel trend line. Today that trend line was tested on two separate hourly bars and each found modest sellers.