FXStreet (Guatemala) - GBP/USD is trading at 1.6886, down -0.16% on the day, having posted a daily high at 1.6928 and low at 1.6857.



GBP/USD has attempted ground back towards the 1.69 handle and the Market Strategy Team at UOB Group explained that the overnight low of 1.6890 exceeded their target of 1.6920. The lack of a bounce suggests that the downward pressure is still on the downside. "The next support is at 1.6845. The key resistant for our bearish view has moved lower to 1.6990." Looking to a daily chart, we see that RSI is neutral at 33.38. The 200 SMA is currently at 1.6919, down from 1.6995 at the last period close, and declining on the hourly GBP/USD chart.



GBP/USD Levels



Current price is 1.6886, with resistance ahead at 1.6889 (Yesterday's Low), 1.6895 (Hourly 20 EMA), 1.6913 (Weekly Low) and 1.6914 (Daily Open). Next support to the downside can be found at 1.6883 (Daily Classic S1), 1.6872 (Weekly Classic S2), 1.6856 (Daily 100 SMA) and 1.6852 (Daily Classic S2).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    How dovish is the MPC? - Rabobank

  2. Forex News

    GBP/USD Carves Bearish Pattern Ahead of BoE Interest Rate Decision

  3. Forex News

    After collapsing 570 pips in two weeks, GBP/USD closes below 1.5300

  4. Forex News

    GBP vulnerable to the greenback - Scotiabank

  5. Forex News

    UK Services PMI strength due a moderation - TDS

Trading Center