GBPUSD slips towards Thursday's lows after another failure at 1.5300
Liquidity is fairly thin, notes traders and that's probably a good reason why the quid has suffered this slide
We're down to 1.5238 and that's just above the lows yesterday at around 1.5228
We have support from a short term trendline at 1.5216 and also the 100 and 200 H1 ma's at 1.5232 & 1.5209. The big figure at 1.5200 will feature also
GBPUSD H1 chart
EURGBP is playing a tune as well as it still can't decide on which side of 0.7000 it wants to be
EURGBP 15m chart
We keep having little looks below but then we get back above. The topside between 0.7020/30 is the intraday level we need to break. We've got a similar pattern to the one we had in EURUSD when 1.0700 down to 1.0685 kept holding. I don't think we will survive many more knocks on the 0.6980 door but get above 0.7030 and that might relieve some extra pressure