Dec low comes in at 1.4894. The low reached 1.4898
The GBPUSD has taken a peak below the 1.4900 level, and also at the low price for December at 1.4894. That level is the lowest level going back to April 21. A break below the 1.4894 level should solicit more selling. Traders are leaning against the low as a risk defining level on the first look.
Looking at the 5-minute chart, the 100 bar MA held resistance since breaking back below in the London morning session. That MA comes in at 1.4932 currently and will be eyed on a correction higher (it is moving lower). It is a risk defining levels for shorts.
