Longs not feeling so well. Sellers are happy.
The GBPUSD has now traded below the 1.3000 level for the first time since August 17, 2016. For the day, the GBPUSD has traded 4 different “big figures” (1.2900, 1.3000, 1.3100 and 1.3200). THe high was at 1.3246. The low so far is 1.2997. The range is 247 pips which is the highest one day trading range since July 15th.