I'm currently still sitting on my long at very close to break even with trading taking place within the support area. Trading could turn into choppy price action today with range bound price action in which case I would be looking to exit with minor profit/loss.
Notable levels if this pair were to break lower in the bottom chart.
What we can also see is that price broke below yesterdays close and every attempt at moving higher meets sellers although this is for the time being only seen on lower time frames the trade no longer meets my standard criteria for remaining in a trade meaning when in doubt exit.
I have now exited with a very minimal loss shown in the chart below.
GBP pairs continue to come under pressure in the middle of the London trading session which could easily carry over into New York so I do not want to be left holding the bag if this pair drops through the floor quickly.