GBP/USD tests 1.7125 ahead of Draghi and NFP

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - The Sterling was trading down against the US Dollar amid a weaker than expected services PMI. The GBP/USD declined 35 pips in the last hour from 1.7160 to test the 1.7125 level.



Currently, GBP/USD is trading at 1.7131, down -0.20% on the day, having posted a daily high at 1.7170 and low at 1.7125. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.



GBP/USD sentiment



Below the 1.7125, the GBP/USD would find support at 1.7100 and 1.7050. On the upside, resistances are at 1.7160, 1.7170 and 1.7185.



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