FXStreet (Córdoba) – GBP/USD has continued to move south during the New York session, extending intraday losses to fresh weekly lows before the 200-day SMA offered support.
The pound is underperforming against major competitors, especially against the dollar and the yen which are the top performers against a risk aversion backdrop.
GBP/USD broke below 1.5400 and accelerated to a low of 1.5340, last seen Sep 16. At time of writing, Cable is trading at 1.5365, down 0.92% on the day.
GBP/USD key levels
As for technical levels, immediate supports could be found at 1.5340 (Sep 22 low/200-day SMA) and 1.5300 (psychological level). On the other hand, resistance are seen at 1.5410 (50% of 1.5162-1.5658), followed by 1.5475 (Sep 10 high) and 1.5530 (100-day SMA).
(Market News Provided by FXstreet)