Stops going off all over the shop as even as I type we’re now down to 1.6837. I said that there wasn’t much in the way of strong tech support and so it’s proving and orders aren’t amounting to much in the way of halting the falls either.
1.6810/20 should see stronger support coming in but it’s looking very dicey for the pound all of a sudden. If that goes there there could be quite a few more bulls caving in ahead of the weekend.
GBP/USD daily chart 09 05 2014
