27 May 2014
GBP/USD extends decline to 1-week low at 1.6805; watch orders
FXStreet (San Francisco) - The Sterling is trading under pressure against the US Dollar following a lower-than-expected UK mortgage approvals in April. The GBP/USD fell more than 75 pips in the day from 1.6880 to 1.6805, lowest since May 20.
Currently, GBP/USD is trading at 1.6810, down -0.19% on the day, having posted a daily high at 1.6884 and low at 1.6808. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
GBP/USD levels
Regarding GBP/USD flows, there are talks of buy orders around 1.6800 and more at 1.6780, sell stops gathering through 1.6780. More buy orders at 1.6760/70 and sell stops at 1.6725.
On the upside, sell orders at 1.6910 and 1.6990; while buy stops at 1.6930. Resistances at 1.6880 and 1.6900.
Currently, GBP/USD is trading at 1.6810, down -0.19% on the day, having posted a daily high at 1.6884 and low at 1.6808. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
GBP/USD levels
Regarding GBP/USD flows, there are talks of buy orders around 1.6800 and more at 1.6780, sell stops gathering through 1.6780. More buy orders at 1.6760/70 and sell stops at 1.6725.
On the upside, sell orders at 1.6910 and 1.6990; while buy stops at 1.6930. Resistances at 1.6880 and 1.6900.