We’ve broken through the cross of the downward Feb 2013 and rising Jan 2007 support lines as we fall to 0.8145 and the lowest since Jan 2013.
EUR/GBP weekly chart 12 05 2014
We have tech support under here at 0.81201/31 being weekly and monthly support and then the 0.8081/83 level which marks the Dec 2012 weekly and monthly low and also the 100 mma, though we may also see support at 0.8104 being the Jan 6th 2013 weekly low.
On top 0.8170/80 and 0.8200 are the levels to beat.
The move has pushed cable up to 1.6895 while EUR/USD has lost 10 pips from 1.3770.
