Trend line broken at 1.28365. Now resistance.
GBPUSD is cracking below a lower trend line at 1.28365. That is leading to some selling as longs against the level may be selling out on the more bearish break.
Trader’s still looking for a bottom, now need the price to recover back above that broken line and stay above, but for now, the sellers are still in control.
The next key targets remain the lows from August 24 and September 5th at 1.27865-98.