GBPUSD falls below trend line at 1.5491. 

100 day MA at 1.5460

The GBPUSD is marching lower and is currently testing -well moving below - a key trend line connecting three prior lows at the 1.5491. The market has not done much slowing on the move lower today. The 100 day MA is another key target at the 1.5460 level. This area should slow the decline, but what correction is in the cards may not be so hot.

Shorts eyeing 1.5491 now as close resistance

The EURGBP continues to be an influence. The decline from the high has been retraced.