Over the last day or so, the GBP/USD has been able to temporarily halt the slide and gain a reprieve from the very strong move lower it has experienced throughout all of this year. It has been able to find some support around 1.51 after having reached its lowest point in two and a half years below 1.51. The 1.53 level (evident on the daily chart) has been a long term support level for the cable over the last couple of years however it had little impact on its fall during the last week. It was only a few weeks ago that it was experiencing a rollercoaster ride moving between 1.5650 and 1.5850 for a couple of weeks ... (full story)