200 hour MA stalls the tumble back lower
The GBPUSD raced higher in early Florida vote, but reversed as that vote gain eroded (thanks to Miami Dade county). The run lower took the price racing down toward the 200 hour MA at 1.29938. The low reached 1.2997.
Buyers leaned and we area seeing a bounce higher. The current price is up at 1.3030.
Ohio and NC continue to hold Biden vote which helps the former VP (hurts the President). There is a long way to go with Ohio at 55% of the vote in at Biden at 52.3% to 46.4%. North Carolina has Biden at 51% to 48% with 73% counted. Both are essential for the President.