Forex Trading: GBPUSD remains in sideways longer term, but leaning bearish

On the longer term GBPUSD chart the currency pair remains above the 100 and 200 day moving averages at the 1.9854 and 1.9807 levels respectively.  I would expect buyers against the 1.9854 level today. 

Looking at the shorter term hourly chart (see above), the 100 and 200 hour moving averages have converged at the 1.9925 level. The pair moved above it earlier in the day on the strong London runup. However, it has since moved below and is pressured.  

The market is heading into the Europe and London close.   Expect some position squaring.