Fake break or real break?
Well the weak UK manufacturing PMI has added further woe to the GBP. Price is selling off and the daily supply levels I highlighted are being breached.
If we don't get a pullback then we have to go with the break. The only caveat is that the markets are thin today and breaks can be uncertain in a thin market. I'm watching cautiously to see if this selling continues... GBP/USD breaking through 3 month lows as I type. Currently at 1.3687
