GBP/USD falls to daily lows at 1.6820

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (San Francisco) - The Sterling is trading down following BoE and ECB rate decisions and after falling around 35 pips from 1.6860, the GBP/USD is now testing the 1.6820 area, daily lows.



Currently, GBP/USD is trading at 1.6833, down 0.12% on the day, having posted a daily high at 1.6866 and low at 1.6820. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.



GBP/USD sentiment



Below the 1.6820, the GBP/USD would face supports at 1.6810 and 1.6800. On the other side, resistances are at 1.6860, 1.6885 and 1.6925.



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP
    Forex News

    GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP

  3. GBP/USD shifting through gears but now back into neutral
    Forex News

    GBP/USD shifting through gears but now back into neutral

  4. GBP/USD likely to be range-bound – FXStreet
    Forex News

    GBP/USD likely to be range-bound – FXStreet

  5. GBP/USD recovers ground but falters ahead of 1.57
    Forex News

    GBP/USD recovers ground but falters ahead of 1.57

Trading Center