The pound could be in real trouble if it breaks the psychological 1.50 level but there’s still other levels in play
GBPUSD has already pulled up near the 6 Nov low at 1.5027 with a low so far of 1.5031. It would form a decent double bottom if it does build here
Key levels approach in GBPUSD – Big barrier, and sovereign interest noted at 1.5000
