London traders send GBPUSD to lows before leaving for the day.

Watching 1.3981-95 for sellers now

As London traders look to exit, they sent the GBPUSD to new session lows and to the lowest levels since March 19th. The low reached 1.3966 so far.

The break lower got going on the 2nd break of the 1.4011 level. Recall from an earlier post, the GBPUSD fell below that level before the economic data at 8:30 AM. The data sent the price back higher, but on the second break, the sellers jumped on board again (see post).

What now?

The fall sent the price below the 1.3981-95 but we currently trade back in that area. A move above the 1.3995 will be eyed. Of course the 1.4011 remains a key level. So it is not fully bullish, but it muddies the water intraday. We currently trade at 1.3991. Be aware.