Breaks below 1.3532 and the 1100 hour MA at 1.3527
The GBPUSD fell below support at the 1.3532 (highest post-Brexit high from June 2016) and the 100 hour MA at 1.35272. The break, sent the price lower with a new day low at 1.3486 reached. The broken levels will now become resistance for the pair.
Other targets on the downside include 1.3479 and 1.3443. Both were swing level from the post-Brexit period (see prior post). The 200 hour MA (green line in the chart above) come in at 1.3447. That makes the 1.3443-47 a key support target on further weakness (should be buyers on a test). A break below would be more bearish with the next target on the hourly coming in at 1.3400.
