The stops help cable find a new low
The sellers are still pushing and they'll be wanting to keep the price below 1.4400 now so mark that as the first main resistance point now.
GBPUSD H1 chart
The move south isn't just confined to the pound now as EURUSD continues its downward momentum, driven by yen demand. GBPJPY is suffering too.
European stocks are starting the week with the Monday hump;
- FTSE -0.2%
- Cac -0.9%
- Dax -0.6%
- Ibex -0.7%
- FTSE Mib -0.3%
