Bright trades between the 100 hour moving average at 1.3881 and the 200 hour moving average of 1.38972
The GBPUSD had a volatile time of the through the BOE rate decision.
The price – on the initial move lower – was able to dipped below the 100 hour moving average currently at 1.3881 and move down to a low for the day at 1.3856 (near a swing area – see green numbered circle).
However the price quickly rebounded back to the upside and was able to get briefly above a swing area between 1.3924 and 1.39314. The high price reached 1.39401, but quickly moved back down and reestablish the upper swing area as resistance (see red numbered circle 9 in the chart above).