Next target 1.4125 area (lows from Jan 19/20)
The GBPUSD got a little bump up after the fixing but has resumed its move lower. The pair has now made new session lows below the Tuesday level of 1.4174 The price is trading in the rangy trading range from Jan 19/21. The lows from Jan 19/20 are the next targets.
Month end flows continue to impact. Stocks are keeping gains with the S&P up 1.16% and the Nasdaq up 1.01%. European major indices are going out with solid gains.
Oil is down -0.21% in an up and down. It is trading at the lows.
PS EURGBP continues to wreck havoc. It trades BACK ABOVE MA levels (100 and 200 hour)
