GBP/USD falls to test 1.7100

By FXstreet.com | July 11, 2014 AAA

FXStreet (Córdoba) - The GBP/USD lost momentum after hitting 1.7150 and reversed, falling toward 1.7100. Recently printed a fresh daily low at 1.7098 but quickly rose back above 1.7100.



Currently trades at 1.7104, 0.15% below today’s opening price and 50 pips below where it closed last week.



GBP/USD with support at 1.7085 - 1.7100



Recent decline pushed the pair to the key short-term support located around 1.7085 - 1.7100, where several daily lows are located. A daily close around current levels would be the lowest since the beginning of July but still above 1.7100.



The bearish bias continues to prevail for the session but the barrier around 1.7085 could give support, a break lower could trigger stops.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD reached 1.6050 with GDP help
    Forex News

    GBP/USD reached 1.6050 with GDP help

  2. GBP/USD struggling to rise above 1.6042 - FXStreet
    Forex News

    GBP/USD struggling to rise above 1.6042 - FXStreet

  3. GBP/USD Dark Cloud Cover Delivers Further Declines
    Forex News

    GBP/USD Dark Cloud Cover Delivers Further Declines

  4. GBP/USD is still hopeful before UK GDP
    Forex News

    GBP/USD is still hopeful before UK GDP

  5. GBP/USD Buyers at the 1.60 Handle
    Investing

    GBP/USD Buyers at the 1.60 Handle

Trading Center