GBP/USD falls to a low of 1.3434
Straight off the bat and we're seeing a drop in the pair. Looks like the 100H MA has finally given way.
I highlighted the support that the 100H MA was providing to the pair here yesterday. But the next real support level is at 1.3424 which is the 38.2 retracement level shown.
Sterling suffered a drop yesterday as setbacks in Brexit negotiations weighed in on the currency. As highlighted here, talks broke down after the DUP refused to accept concessions on the Irish border issue. Mike also warned about that possibility early yesterday.
The same focus will be on for today/this week. Expect more Brexit and border talks to come.
