Forex technical analysis: GBPUSD tumbles to lower trend line. Finding some buyers, but... - ConsultFX

Forex technical analysis: GBPUSD tumbles to lower trend line. Finding some buyers, but...

Resistance at 1.3349-1.3354. A move below the 1.3322 should be more bearish. The GBPUSD tumbled below an old trend line at 1.3406, then the 200 hour MA, 100 bar MA on the 4-hour (both at 1.3394) and the 100 hour MA (at 1.33763). The 38.2% of the move up from November 3 low was also cracked Copyright 2015 Forexlive.com