GBPUSD trades to NY session highs as the European session heads to close. - ConsultFX

GBPUSD trades to NY session highs as the European session heads to close.

Some shorts covering, but already backs off.  The GBPUSD just moved to a new NY session high and in the process moved above the 100 bar MA on the 5 minute chart and the 38.2% retracement.