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GBP/USD extends downside break below 1.2700

Further to an update here earlier, alerting you all to a potential break below 1.2700 in the GBP/USD, that move has subsequently unfolded and it seems that a combination of stops and systems sellers did kick in underneath 1.2700. The move lower has just now extended close to 1.2650, as I write this update. That means the pound has now fallen below its 21 day moving average. That is in place right now at 1.2664. The low seen a moment ago was set at 1.2653. The GBP/USD is currently trading at 1.2658
 

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