GBP/USD extends decline below 1.7070

FXStreet (San Francisco) - The GBP/USD failed to recover the 1.7100 area twice in the Monday's session after the pair was rejected at 1.7100 in the Asian market and at 0.9390 in the European morning. Cable is pricing below 1.7070 at daily lows around 1.7055.

Currently, GBP/USD is trading at 1.7058, down -0.16% on the day, having posted a daily high at 1.7101 and low at 1.7058. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

GBP/USD levels

If the pair breaks below 1.7070, it would find supports at 1.7035 and 1.7005. On the upside, resistances are at 1.7090, 1.7100 and 1.7115.