GBPUSD drops from 1.3700

GBP tumbles

The GBP has found pressure after a terrible retail sales print.

This is also a very interesting spot on the GBPUSD chart. The price has pulled back from all time highs and failed to carry on through recent highs at 1.3740 circa.

This means a short at market back into the range is on with the current risk off tones supporting the USD. Selling at market makes sense with stops above 1.3740.

GBP tumbles

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