As the election rally fizzle, GBP could retrace - potentially to test support at that 100 dma. This analysis is build on the following:
1) possible rejection off the 200 DMA
2) RSI showing divergence
3) Potential corrective rally on USD index (assuming Fed try to play up a June rate hike)
1) possible rejection off the 200 DMA
2) RSI showing divergence
3) Potential corrective rally on USD index (assuming Fed try to play up a June rate hike)