GBP/USD: Further declines ahead? - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the GBP/USD pair has been as low as 1.5403 early in the US session."

Key Quotes:

"The pair has held pretty well during the last few sessions, but dollar broad strength seems to be ready to overlap Pound one."

"The 1 hour chart shows that the price extends below a flat 20 SMA while indicators head lower below their midlines supporting some further declines."

"In the 4 hours chart, the price approaches its 20 SMA currently around 1.5380, while the indicators turned lower but remain above their midlines, not yet ready to signal a stronger decline."