Pair runs back higher into the London fixing
The run back to the upside has gotten close to the 200 hour moving average at 1.3890. The high just reached 1.38874 just ahead of the fixing at 4 PM GMT. If the buyers are to take more control, getting above both the 200 and 100 hour MAs (the 100 hour moving averages at 1.38984) would be needed. For now the lower 200 hour moving average is putting a lid on the pair like it did earlier in the day.