Trend line support at 1.311
The GBPUSD is moving away from the 100 day MA at 1.31375 and the falling 100 hour MA at 1.3134. The pair trades at 1.3114 currently. Stay below those MA lines keep the sellers more in control.
On the downside, the price is testing a lower trend line at 1.3111. The low for the day reached 1.31078. Breaks below each opens the downside for more down potential with the low from Tuesday at 1.3094. The low for the week is at 1.30618.
Sellers are taking more control. ForexLive