Technical analysis: GBP/USD breaks below the June low
Cable just touched a fresh session low at 1.5165 to break the June low of 1.5171. The inability to hold a significant support level after 9 losses and ahead of the weekend is disconcerting.
I'm a cable bear but this is too much. I thought the pair had a great chance of holding that level and even though it's been fractured, I expect a bounce imminently now that European markets are closing.
