GBP/USD down to session low of 1.3154, tests the 100-hour MA
Sellers are now attempting to break below the 100-hour MA (red line) in cable, which would then shift the near-term sentiment to bearish. But there's also support near the 1.3150 level in the form of the 38.2 retracement level as shown above.
The dollar is extending its gains across the board and the political situation in Germany certainly isn't helping the euro, and that is also hurting sterling sentiment on the day.
As for EUR/USD, it touches a low of 1.1626 on the day as sellers look to test the confluence of support levels between the 100 and 200-hour moving averages that sit at 1.1623-25.
