Can it stick?The GBPUSD on the hourly chart is breaking below a lower trend line for the 2nd times today (lower now) and also has moved below the February low at 1.3756.
On the daily chart a different trend line is also being broken.
The question now is, «Can the break stick?»
The move to new lows is being mirrored in the GBPJPY. Looking at the daily chart, the price is moving below the October and November low at 146.96. Earlier in the day, the price moved to 146.93 and bounced modestly to 147.21. The current break is making more of an impact below the floor level (at 146.96).