A few significant sellers have knocked Cable (GBPUSD) down some 50-60 pips after BOE’s Tucker’s comments about the need for real FX rates to drop.
The H1 looks to test lower and the H4 will add some serious encouragement if it closes below the same line.
Look to target buy orders just before 1.5100 then a test of yesterdays lows and the 1.5050 barrier.
GBPUSD H1
