Forex: GBP/USD falls further to test 1.6000

FXstreet.com (San Francisco) - The Sterling has continued with its decline against the US Dollar as the Greenback benefited after the US Nonfarm payrolls report came in better than expected. After trading sideways between 1.6025 and 1.6045 in the middle American session, the GBPUSD has broken down and currently is testing the 1.6000/10 zone.

At the moment, the GBPUSD is trading at 1.6011, 0.70% below the opening price action. As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates immediate supports at 1.6000 and 1.5970, while resistances are seen at 1.6065, 1.6090 and 1.6120.