GBPUSD extends higher and above the 200 hour MA. Stops triggered.

Trend line approached

The GBPUSD has extended to new session highs and moves above the 200 hour MA at 1.3057. That MA stalled the rise in the London morning session. Stops have been triggered on the break. The trend line connecting highs from Sept 20 and Sept 26 comes in at 1.3091. That line is being tested now. Above that is a strong level defined by both the 100 day MA and the 50% retracement at 1.3107-09. There should be a cause for pause against the level.

The 200 hour MA is now a support level that buyers should lean against on a corrective test.

At the lows today, the 100 hour MA held. The MA held in late trading yesterday. That was bullish.