GBPUSD 4 HOUR CHART – Tests key support
EURUSD leading, GBPUSD following with a lag (note EURGBP)
1.3310 tested and remains key support.
Back above 1.3350-69 would be needed to deflect the risk.
As noted in our Weekly FX Chart Outlook</a>
On the downside, 1.3310 is the make or break level, keeping the risk on the high while above it.
Logic says for GBPUSD to make a serious break to a new high, EURUSD would need to establish above 1.12 and/or EURGBP would need to make another leg down.