GBPUSD led lower by the yen as well as another risk off day. It's turning into a bit of a rout for the pound today and we're now 156 pips from today's highs. Reece highlighted the 61.8 fib of the June move and that's been taken out in the last move We're finding support at 1.5450 and the next support under there is around 1.5420/25. Then we have the 38.2 fib of the Apr swing at 1.5408, the Jan 2009 support line at 1.5390. The Minor Nov 2014 broken resistance line swings through under there at 1.5377. There's pretty good technical support all the way down to the early Jun lows at 1.5170, and that will mark a big ... (full story)