GBP/USD lacking leg lower
We’re seeing $1.45 continue to act as support here, as it has done for the previous two sessions. For the moment, we are lacking a new lower low that would indicate that the current downtrend is still in place.
A break below $1.45 heads towards $1.4460, and then $1.44 itself. If the price can move above yesterday’s highs around $1.46 then further bullish momentum will take us on towards $1.4650 and then $1.4688.