Further to my earlier GBP post GBPUSD now broken down through 1.2900
First time below 1.2900 since 13 July and making the rapid drop to 1.2880 as I suggested with the break triggering a few stops and re-selling after some profit taking.
Now 1.2875 we should expect 1.2900-05 to become pivotal now and a hold below there will trigger a test of 1.2845-50.
EURGBP has also now finally broken up through 0.9120 and that will help keep a cap on cable.
US data at 12.30 GMT and option expiry at 14.00 GMT both in play now.
Every picture tells a story.
GBPUSD 15m and Daily
