FXStreet (Mumbai) – The USD buyers are back amid data thin European calendar, pushing the GBP/USD pair lower to a fresh session low of 1.5376 levels.
Rejected at 1.5425
The pair ran into offers at the high of 1.5425, resulting in a drop to its 200-DMA located at 1.5402. The bod tone on the USD got more pronounced as the pair fell below 1.5402.
Moreover, the interest rate outlook in the US is driving the currency markets at the moment. Consequently, the USD resumed its uptrend after having witnessed moderate correction in the late Asian/early European session.
GBP/USD Technical Levels
The pair currently trades at 1.5385, with the immediate support seen at 1.5352 and 1.5337-1.5530. On the upside, major hurdle is seen at 1.5415-1.5425, followed by another hurdle at 1.5470.
(Market News Provided by FXstreet)