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


Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.

Follow us in social networks!
Live Chat
Leave feedback