Trend line tested
The GBPUSD is trading a new session lows. The move has taken the price below the low from yesterday as well at the 1.4662 level. The pair is testing a parallel trend line at the 1.4656 level. A break should solicit more selling, while holding and failing on these new lows will be a disappointment. Yesterday, the lower parallel trend line was broken but quickly failed. Today's earlier low re-established the line as support. Decision time for the GBPUSD.
