23 Apr 2014
GBP/USD declines to daily lows around 1.6780
FXStreet (San Francisco) - The GBP/USD is trading under pressure at the US opening bell on pro-dollar environment amid risk aversion.
The US Dollar is rising across the board as tensions in Ukraine, weak stocks opening and AUD/USD break down are fueling the Greenback.
Currently, GBP/USD is trading at 1.6788, down 0.21% on the day, having posted a daily high at 1.6838 and low at 1.6781. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
The GBP/USD is testing daily lows around 1.6780, with supports at 1.6775 and 1.6720. On the upside, resistances come at 1.6800, 1.6840 and 1.6875.
The US Dollar is rising across the board as tensions in Ukraine, weak stocks opening and AUD/USD break down are fueling the Greenback.
Currently, GBP/USD is trading at 1.6788, down 0.21% on the day, having posted a daily high at 1.6838 and low at 1.6781. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
The GBP/USD is testing daily lows around 1.6780, with supports at 1.6775 and 1.6720. On the upside, resistances come at 1.6800, 1.6840 and 1.6875.