GBP/USD to plunge towards 1.36 on a slide below 1.3730 – OCBC

GBP/USD has retreated after briefly surfacing above 1.3800. Cable now finds immediate support at the 1.3730 mark, as economists at OCBC Bank note.

See: GBP/USD fails at the 1.38 200-DMA, strong support seen at the 1.3571 July low – Commerzbank

GBP/USD turns flat to lower

“The failure at the 1.3800/30 resistance may not bode well for the GBP bulls.”

“Immediate support at 1.3730, before firmer support at 1.3680/00.”