The GBPUSD trades around the 200 hour MA after fall stalls - ConsultFX

The GBPUSD trades around the 200 hour MA after fall stalls

Rally off BOE stalled near 100 bar MA on 4-hour chart Yesterday the BOE moved closer to hiking rates (but not guaranteed yet). The price of the GBPUSD shot higher and that rally was extended today.   Technically, the priced moved to an old trend line that attracts either buying or selling interest (see red circles). Today