Similar story to EUR/USD in which cable had some decent support at 1.6780/85. That’s gone and stops are run to a low of 1.6766. The 55 dma was knocked over and we could see an attempt to resist a move back up, but again the 1.6780/85 area is likely to offer the stronger resistance. EUR/GBP has bounced from 0.8065 adding to cables woes and other GBP pairs have faired no better. GBP/JPY is down to 171.66 after struggling once again to breach the Dec resistance line. (full story)