GBPUSD trades to new lows
The 1.2698 area is now eyed
The GBPUSD is getting hit and trades at the lowest level of the day. As per the previous post, the price fell to a trend line, stalled at that level and rebounded up to to the 200 hour MA. Sellers leaned there and have now pushed below a lower trend line and more selling is coming in.
The 1.2698 area is a target below. That was the low on Monday and again yesterday.