Piff, paff, poof, we’re back to the beginning again

Well that didn’t take long. Buyers have run out of steam and the result is a drop back to 1.3511 in a flash. I suspect there were some small stops that had built up under the rally and they’ve helped the cascade.

GBPUSD 15m

GBPUSD 15m chat 20 09 2017

The morning lows around 1.3505/10 still offering the best support but we’re back to 1.3544.

Ryan Littlestone
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