Not looking good at the moment for the quid as the dollar takes off again. We’ve found support here prior at 1.5925 and under 1.5900 we have a potential line in the sand with the Nov 2013 lov at 1.5850. A break there and we’re looking at 1.5700 and the 61.8 fib of the 2013/2014 swing.
GBP/USD Daily chart 05 11 2014
We’re looking at a small drop in the number to 58.5 from 58.7 and in these current price moves a good number is looking to be a good shorting opportunity, though I’d want to see a decent bounce.
5 minutes to the off
