USDGBP – £ weakness to Continue?
British Pound/U.S. Dollar FX:GBPUSD
Some developments this last week with respect to moving averages as we can see Cable drop below the 200DMA and also the 50DMA has now crossed below the 200DMA
Friday’s bar closed just below 1.33 and in line with the Dec 2017 lows and the next level of support on the daily and weekly looks to be around 1.30
Keeping tabs to see if we can get to 1.30 and then lower
Remain bearish for now