EURGBP helping
The GBPUSD has moved below the 200 day MA (has not closed below since July 9th) and approaches the lows from July at 1.5329 and the low from Friday at 1.5334. A move below both these lows should solicit more selling with the 1.52456 the next target.
Meanwhile, on a end of summer Monday, the EURGBP is starting to get in the act. It has moved above the 100 hour MA in the last hour of trading which is helping to keep a lid on the GBPUSD while helping the EURUSD.
