Like walking in treacle, GBP/USD slammed through 1.6200 to 1.6195 1.6184. There’s a semblance of support at 1.6190 which could also relate to bids at 1.6185.
The 55 H4 ma has played a good supporting role since the beginning of September and if the market falls in these unexciting times then it may provide strong opposition to the drop.
GBP/USD h4 chart 03 10 2013
