Buyers hurting.
The GBPUSD has broken below trend line support on the hourly chart, trades at the lowest level going back to June 2010, and not showing much buying support.
Looking at the 5 minute chart, the correction off the low at 1.4378 could not get to or above the 38.2%-50% of the last trend leg lower. Now fresh session lows are being made.
The next target might just be the low from the week of June 6 2010 at 1.4345.
