3 Feb 2014
GBP/USD falls below 1.6300
FXStreet (San Francisco) - The Sterling continues to extend its decline against the US Dollar and after falling around 75 pips from 1.6365 in the American session, the GBP/USD fell to 1.6290, lowest since December 18.
The GBP/USD is currently trading at 1.6298, 0.84% negative on the day. The short term perspective remains slightly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
GBP/USD bias
If the pair remains below 1.6300, it would face supports at 1.6270 and 1.6215. On the upside, the GBP/USD would find first resistance at 1.6310, January 16 and 17 low, ahead of 1.6360 and 1.6415.
The GBP/USD is currently trading at 1.6298, 0.84% negative on the day. The short term perspective remains slightly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
GBP/USD bias
If the pair remains below 1.6300, it would face supports at 1.6270 and 1.6215. On the upside, the GBP/USD would find first resistance at 1.6310, January 16 and 17 low, ahead of 1.6360 and 1.6415.