GBPUSD extended above the 200 hour MA but backed off

The move above the 200 hour MA was the first since March 11
The GBPUSD extended above its 200 hour MA for the first time since March 11. The 200 hour MA is currently at 1.18913 (and moving lower). The high price extended up to 1.19724 at the highs. The current price is down at 1.1865.