Back
2 Mar 2015
GBP/USD extends decline to 1.5350
FXStreet (San Francisco) - After falling 70 pips from the 1.5420 traded in the European morning, the GBP/USD not only lost the 1.5400 figure but it declined further to test its lows since February 23 at 1.5350.
Currently, GBP/USD is trading at 1.5362, down 0.49% on the day, having posted a daily high at 1.5432 and low at 1.5354. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to break below 1.5350, it will find next supports at 1.5330, 1.5300 and 1.5280. To the upside, resistances are at 1.5380, 1.5400 and 1.5420.
Currently, GBP/USD is trading at 1.5362, down 0.49% on the day, having posted a daily high at 1.5432 and low at 1.5354. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to break below 1.5350, it will find next supports at 1.5330, 1.5300 and 1.5280. To the upside, resistances are at 1.5380, 1.5400 and 1.5420.