The testimony will be starting up again soon
The comments have been more upbeat with the last push coming on comments on wage growth ahead.
Technically, the GBPUSD is trading back above the 200 hour MA at 1.39539 level. That is also the 50% of the move up from the February 9th low. A topside trend line at 1.4005. The 100 bar MA on the 4-hour comes in at 1.4005. The 100 hour MA comes in at 1.40194.
The GBPUSD was under pressure earlier in the day on the back of weaker employment statistics. The close yesterday came in at 1.3992. The last swing high stalled just ahead of the 1.3990 level. So the pair remains in the red for the day.
