GBPUSD remains range bound but with a bullish tilt ...Middle East

Staying above the 100-hour MA has kept buyers in play, and with the pair now trading above the 200-hour MA (green line), those buyers are looking to gain more control. However, attempts to build upside momentum have repeatedly stalled. The most recent rally reached a session high of 1.3319, just shy of the May 9 high at 1.33227, before pulling back.

For now, staying above the 200-hour MA remains key for buyers to maintain momentum and press for a topside breakout.

This article was written by Greg Michalowski at www.forexlive.com.

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