Below trend line/61.8%
The GBPUSD is trading to new session lows and in the process has moved below the lower trend line at 1.33104. The price is also below the 61.8% at 1.3306. Key levels. The GBPUSD range is up to 143 pips. The average is 91 pips. So the market range is extended.
Traders will look for more momentum lower with the 1.3294 the next target now. A break of that level will look toward the June 1 low at 1.3252.
