GBPUSD slips to new session lows.
DUP says talks with PM May have not gone as well as they had hoped.
The GBPUSD has slipped to new session lows (and back below the 100 day MA at 1.2628) after the DUP said the talks with PM May have not gone the way they had hoped. This is the second look below the 100 day MA today. The first could not keep the momentum going. However, the correction stalled near the 38.2% of the last trend leg lower. That is the 3rd test of 38.2% retracement that held today (see 5 minute chart). The sellers remain in control.