Now to watch the reaction.
The level on my prior chart is actually at 1.5853 but given spreads and different platforms we should look at anywhere between 1.5845/55. We’ve had the bust though so let’s see how it performs. If we hold below 1.5855 then we could see it move lower more meaningfully below the 50 level.
GBP/USD 15m chart 06 11 2014
