GBP/USD touches a low of 1.3017 on the session
Cable has been consolidating around 1.3025-50 for the most part since overnight trading but price action is starting to move away from that range as the pair falls to a low of 1.3017 on the day. Sellers are looking to regain some momentum and threaten a test of the 100-hour MA (red line) @ 1.3008.
The 1.3000 handle is key here as a fall below that is likely to see more sellers start to come in again, with the Brexit rhetoric still not yet taking much shape ahead of next week's debate.
The dollar is also holding steady on the day so that's helping to nudge the pair a little lower but just be wary that key near-term support levels still lie around 1.3008-12 for the time being. If price breaks below the 100-hour MA, then the near-term bullish momentum will be broken and that will be a solid win for sellers over the next few sessions.
