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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD dips below 1.54

  2. Forex News

    GBP/USD to extend decline towards 1.5376/80 today – AceTrader

  3. Forex News

    GBP/USD poised to move upwards towards 1.5620 – SG

  4. Forex News

    GBP/USD regains 1.5450

  5. Forex News

    GBP/USD Technical Analysis: Initial Long Trade Profit Taken

Trading Center