Now what?
The GBPUSD took some steps lower in trading today.
What now?
Looking at the daily chart, the move away from the 100 day MA is bearish. We also moved below the 50% of the range post the Election day plunge at 1.2380. That is breaish. The three lows between 1.2252 and 1.2259 (Jan 18 to Jan 20) are the next targets to get below. The low reached 1.2280.