But it is moving away from the 100 day MA
The GBPUSD is trading near low levels and in the process is moving away from the 100 day MA at 1.24649 (bearish). However, the road lower continues to run into road blocks in the process. The 100 bar MA on the 4-hour chart is at 1,2434. The 38.2% of the move up from the January low comes in at 1.24306. Below that the 1.2411 to 1.2417 is home to a number of swing highs and lows going back to January 17th.