FXStreet (Bali) - Any pullback in GBP/USD is likely to be short lived as long as below 1.6743, notes the FX Technical Team at Societe Generale.



Key Quotes



"GBP/USD has broken below monthly channel limit. Monthly RSI has retraced from a resistance indicating possibility of a much deeper correction."



"The pair is poised to face further down move towards 1.6280/50 with intermediate support at 1.6470. 1.6743 should limit upside. For the day, 1.6570/52 will be an immediate support."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD outlook still bullish – Scotiabank

  2. Forex News

    GBP/USD stable despite threat around UK elections

  3. Forex News

    Trading GBP/USD using options into UK political uncertainty – ORE

  4. Forex News

    GBP outlook into UK elections and beyond – ING

  5. Forex News

    GBP/USD struggles to extend gains on weak US data

Trading Center