FXStreet (Córdoba) – Following a short-lived recovery attempt, GBP/USD found sellers and fell back below the 1.52 mark where it seems to have steadied during the last minutes.
GBP/USD is on track to post its sixth consecutive daily loss, with the pound becoming one of the worst performers of the week. GBP/USD struck a 4-month low of 1.5151 after dropping more than 500 pips from Friday’s highs. Even though it managed to recover a few pips, it remains vulnerable trading at the 1.5180 zone, 0.41% down on the day and 2.27% lower this week.
GBP/USD technical levels
As for technical levels, next supports are seen at 1.5149 (May 6 low), 1.5100 (psychological level) and 1.5088 (May 5 low) . On the upside, resistances line up at 1.5260 (Sep 25 high), 1.5288 (Sep 24 high) and 1.5335 (200-day SMA).
(Market News Provided by FXstreet)