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Forex pairs in this Article » GBP/USD (Córdoba) - The GBP/USD extended its slide and hit fresh lows during the New York session, as the greenback received a boost following upbeat US jobs and housing data.

GBP/USD weighed by US and UK data

GBP/USD broke below the 1.5240 support area and slid to a fresh 3-week low of 1.5200 as US data is driving the USD these days through the QE taper expectations. However, GBP/USD found buyers at the 1.5200 area and bounced slightly to currently trade around 1.5225/30, where it records a 0.5% daily loss.

The GBP/USD was already under pressure on Thursday on the back of the downward revision to the UK Q1 GDP.

On the downside, if GBP/USD breaks below 1.5200, next support could be found at 1.5180 (76.4% retracement of the broader 1.5007/1.5750) ahead of 1.5140 (May 31 low), while on the other hand, resistances are seen at 1.5300 (100-day SMA) and 1.5345 (daily high).
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