Current trend

The pair continues falling amid strengthening USD.

In addition, the pair was pressured by poor macroeconomic statistics from the UK on the Services PMI and Manufacturing Production.

Support and resistance

Technical indicators confirm a fall continuation.

Support levels: 1.4460, 1.4570, 1.4740, 1.4775, 1.4815, 1.4900, 1.4950, 1.5000.

Resistance levels: 1.4350, 1.4300, 1.4230, 1.4175, 1.4100, 1.4000.

Trading tips

Short positions can be opened from the levels of 1.4460, 1.4500, 1.4570 with targets at 1.4230, 1.4100 and stop-loss at 1.4610.

GBP/USD: pair will continue falling

 




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