GBP/USD bounces off 1.6700 lows

FXStreet (San Francisco) - After declining around 50 pips in the European session from 1.6740, the GBP/USD traded at sub-1.67 levels following the upbeat US retail sales; however, the pair managed to bounce at 1.6695 and now it's pricing at 1.6720.

Currently, GBP/USD is trading at 1.6722, down 0.06% on the day, having posted a daily high at 1.6746 and low at 1.6696. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

GBP/USD levels

On the upside, resistances could be found at 1.6743 (Apr 14 high), 1.6786 (Apr 11 high) and 1.6819 (Apr 10 high). On the dowside, immediate supports are seen at 1.6695 (Apr 14 low), 1.6679 (10-day SMA) and 1.6622 (21-day SMA).