A couple of pips from the old 1.5735/40 level is where this morning’s fall held up. Right on the 100 m30 ma.
GBP/USD M30 chart 27 11 2014
Also supporting the support level is the 55 H1 ma at 1.5736
I’m not one for watching the shorter timeframe tech usually but as the US is shut today they may feature more prominently than usual with lower liquidity.
We’ve bounced to 1.5770 where we’re finding resistance and are likely to see more at 1.5780 and 1.5800.
If the lower support level goes then the next decent spot to see support would be at the short term trendline at 1.5695/700.
