GBPUSD forex technical analysis
It's fallen out of bed, down the stairs, out the door and down a manhole
1.4736 we trade to now as the pain continues and we are looking at the possibility of a very steep drop now that the 1.4812/30 area has been broken. It's already held up as resistance on the post PPI bounce
There's bids in play around 1.4720 with stronger at 1.4700. Further bids are noted at 1.4680 & 1.4650
This time we're seeing the dollar play it's part as it starts to rise against the most pairs USD/JPY is felling out the overnight highs at 121.60 while the euro, aussie and cad lose ground
