Stops triggered.
The GBPUSD has moved below the 100 day MA and below trend line support and stops were triggered sending the price downn to the 1.4320 quickly. The price has quickly rebounded back to retest the 100 day MA at 1.4353. Weekend squaring? Expect more volatility in this pair.
The EURGBP has shot higher too on the break, although the EURUSD is now trading lower and is making new lows too. So the spike higher in EURGBP is a bit neutralized.
PS Next target. Lower trend line at the 1.4300 area.
