GBP/USD drops further
GBP/USD has so far fallen to $1.3093 on dovish comments by the Bank of England (BoE) governor Andrew Bailey and remains on track for the 55-day SMA and the September low at $1.3057-to-$1.3002. This support zone is key for the medium-term trend as a fall through it could lead to the 200-day SMA at $1.2778 being revisited.
While the $1.30 mark underpins, the medium-term uptrend remains intact though. Minor resistance can be found at the early September high at $1.3239.
