On 4H chart, MA100 works as support/resistance quite frequently. On the chart, I marked the periods when MA100 either resisted or supported the price.
Last reaction from MA100 was last Monday, and the price is testing to break it now once again.
Another interesting point related with MA100 vs GBPUSD price is:
On the daily chart, MA100 is acting as a cycle low line since March.
Also it looks like as if MA100 is drawing the RSI indicator on daily scale. I noted that this year daily RSI level did not fall below 35. Last reaction from level 35 was two weeks ago.
Last reaction from MA100 was last Monday, and the price is testing to break it now once again.
Another interesting point related with MA100 vs GBPUSD price is:
On the daily chart, MA100 is acting as a cycle low line since March.
Also it looks like as if MA100 is drawing the RSI indicator on daily scale. I noted that this year daily RSI level did not fall below 35. Last reaction from level 35 was two weeks ago.