GBP/USD Current price: 1.5581
FXstreet.com (Cordoba) – GBP/USD Current price: 1.5581. Hourly charts had turn bearish in the last hours as the pair pulled back after being unable to consolidate above 1.5645. Pair has fallen below 20 SMA and with momentum below 100 pair should continue falling; initially to 1.5550 and below to test weekly lows.
A break below should trigger more downside supported by current trend in bigger time frames that are clearly bearish. “The upside seems limited for the next hours considering current bearish signals,” said Matias Salord, collaborator at FXstreet.com.
Support levels: 1.5530 1.5445 1.5360. Resistance levels: 1.5660 1.5705 1.5740.
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