Lot of chatter on the wires this morning giving GBP a knock but I'm not convinced. PRICE poked it's head above the daily 100 SMA
but is currently having a pause at the 60m 100SMA. Daily 100SMA is flat and 60m 100SMA continues to head down giving a bearish
bias. Sidelined on this pair with with a Bearish
tone and waiting for a break of the daily 100SMA . . . lots of Resistance above with MAs and FIBS coinciding, so just having to be patient.