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8 Jan 2015
GBP/USD falls below 1.5100 again
FXStreet (San Francisco) - The GBP/USD trades below 1.5100 area after falling 35 pips from 1.5115 to 1.5080. The pound is losing steam after rebounding 80 pips from 1.5035.
Currently, GBP/USD is trading at 1.5084, down 0.16% on the day, having posted a daily high at 1.5120 and low at 1.5034. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD sentiment
FXStreet Chief Analyst Valeria Bednarik says that as long as the pair remains below 1.5150, "the risk remains to the downside, eyeing a test of the 1.50 level still."
Below the 1.5080, the GBP/USD will find supports at 1.5050 and 1.5030. To the upside, resistances are at 1.5115, 1.5125 and 1.5150.
Currently, GBP/USD is trading at 1.5084, down 0.16% on the day, having posted a daily high at 1.5120 and low at 1.5034. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD sentiment
FXStreet Chief Analyst Valeria Bednarik says that as long as the pair remains below 1.5150, "the risk remains to the downside, eyeing a test of the 1.50 level still."
Below the 1.5080, the GBP/USD will find supports at 1.5050 and 1.5030. To the upside, resistances are at 1.5115, 1.5125 and 1.5150.