GBPUSD - GBP overbought

Although the GBP moving average is showing strong, so is the USD and the USD index still bullish from last night.

GBP is now over bought and needs a pull back before it breaks through the next key level.

IF we break out above 1.2160 the short term trend remains your friend *bullish

Watch the GBP moving average sellers sat at 1.4436