Since the 1.6120/25 level went and the channel bottom GBP/USD has fallen out of bed. We’re now looking to see if 1.6000 will put up more of a fight that 1.6100 did.
GBP/USD daily chart 29 10 2013
The dollar is on the comeback trail and is being bolstered by the DXY continuing it’s recovery and has posted a new high of 79.64. USD/JPY has touched a high of 98.28, just ahead of technical resistance at 98.30/35.
