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Forex pairs in this Article » GBP/USD (San Francisco) - After falling around 85 pips from 1.6350 in the European session, the GBP/USD seems to have found support at 1.6250, lowest since November 21, where the pair bounced back to trade at 1.6280.

The GBP/USD triggered stops orders around 1.6315 early in the session as the Cable is declining for third day in a row. The Pound to US Dollar exchange rate has lost 200 pips from December 10 highs at 1.6465 to 3-week lows at 1.6265.

GBP/USD bias:

Currently, the GBP/USD is trading at 1.6290, 0.33% negative on the day. The short term perspective remains slightly bearish according to the trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the stochastic is bullish.

The GBP/USD would face supports at 1.6300, 1.6120 and 1.6000. On the upside, resistances are at 1.6320, 1.6350 and 1.6415.
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