2 Oct 2014
GBP/USD holds above lows as Dragi remains on the scenario
FXStreet (San Francisco) - The Sterling pared losses against the US Dollar as investors are expecting more details from Draghi on ECB plans.
The GBP/USD is now testing lows since September 10 at 1.6125 following a 125-pips decline from 1.6250. Currently, GBP/USD is trading at 1.6153, down -0.20% on the day, having posted a daily high at 1.6252 and low at 1.6129.
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair extends 1.6125 bounce, it will face next resistances at 1.6160 and 1.6200. On the downside, supports are at 1.6125, 1.6100 and 1.6050.
The GBP/USD is now testing lows since September 10 at 1.6125 following a 125-pips decline from 1.6250. Currently, GBP/USD is trading at 1.6153, down -0.20% on the day, having posted a daily high at 1.6252 and low at 1.6129.
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair extends 1.6125 bounce, it will face next resistances at 1.6160 and 1.6200. On the downside, supports are at 1.6125, 1.6100 and 1.6050.