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28 Jan 2015
GBP/USD extends decline to daily lows around 1.5155
FXStreet (San Francisco) - The Sterling failed to hold levels above 1.5200 versus the US dollar and following a 65-pip rejection from 1.5220, the GBP/USD is now testing daily lows around 1.5155.
The 1.5200 level continues to act as a strong barrier as the pair has been rejected at this level twice. Investors are focused now in the FOMC meeting that will end after the American lunch.
Currently, GBP/USD is trading at 1.5167, down 0.22% on the day, having posted a daily high at 1.5222 and low at 1.5155. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair extends decline below 1.5150, it will find next resistances at 1.5140 and 1.5120. To the upside, resistances are at 1.5220, 1.5235 and 1.5265.
The 1.5200 level continues to act as a strong barrier as the pair has been rejected at this level twice. Investors are focused now in the FOMC meeting that will end after the American lunch.
Currently, GBP/USD is trading at 1.5167, down 0.22% on the day, having posted a daily high at 1.5222 and low at 1.5155. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair extends decline below 1.5150, it will find next resistances at 1.5140 and 1.5120. To the upside, resistances are at 1.5220, 1.5235 and 1.5265.