50% retracement touched
The GBPUSD is pushing right against the 50% of the move down from the September high at the 1.5382 level (the high just traded 1.5384 as I type). The high yesterday extended to 1.5387 but backed off. Risk is high into the report, but shorts seem to be feeling some pressure.
Forex technical analysis: GBPUSD pushes against key resistance just before retail sales
