11 Jul 2014
GBP/USD falls to test 1.7100
FXStreet (Córdoba) - The GBP/USD lost momentum after hitting 1.7150 and reversed, falling toward 1.7100. Recently printed a fresh daily low at 1.7098 but quickly rose back above 1.7100.
Currently trades at 1.7104, 0.15% below today’s opening price and 50 pips below where it closed last week.
GBP/USD with support at 1.7085 - 1.7100
Recent decline pushed the pair to the key short-term support located around 1.7085 - 1.7100, where several daily lows are located. A daily close around current levels would be the lowest since the beginning of July but still above 1.7100.
The bearish bias continues to prevail for the session but the barrier around 1.7085 could give support, a break lower could trigger stops.
Currently trades at 1.7104, 0.15% below today’s opening price and 50 pips below where it closed last week.
GBP/USD with support at 1.7085 - 1.7100
Recent decline pushed the pair to the key short-term support located around 1.7085 - 1.7100, where several daily lows are located. A daily close around current levels would be the lowest since the beginning of July but still above 1.7100.
The bearish bias continues to prevail for the session but the barrier around 1.7085 could give support, a break lower could trigger stops.