 In what may be par for the course going forward as the market awaits things like the CPI, the Fed and the New Year, the GBPUSD moved up to the target 100 hour MA and swing level nears 1.22212, and backed off to the next downside target support at the 38.2 of the move up from last weeks low at 1.21739. In other words, the price action is doing what it should do near technical levels when overextended on the top or bottom side - with interim technical levels also in play 