The quid gets that sinking feeling below 1.30 once again
1.2945 was the worst it got for the pound this week, that was the worst it's had since early August.
GBPUSD H4 chart
The fact the 1.2945 level came through both the Fed and BOJ shows that there's something worth watching there. Additional support comes in 10 pips under via the Jul/Aug trend line at 1.2935.
1.2875 still remains the big level in my mind and one that if breeched, is going to put a big fat target on the July lows.
Right now, look for resistance building ahead of 1.3000 (It already looks like 1.2990 s where that's starting). This move through 1.2980 could see resistance coming in there too.
