GBP/USD Off Lows, Re-tests 1.4090
The sterling remains on the defensive today, now taking GBP/USD to the area of 1.4085/90.
GBP/USD finds support near 1.4050
The
pair has briefly visited the key support area around 1.4050 earlier
today, managing to stage a rebound and regain the vicinity of the
critical barrier at 1.4100 the figure.
In the meantime, spot is
losing ground for the third consecutive session so far as ‘Brexit’
concerns continue to weigh on GBP sentiment.
GBP/USD levels to consider
As
of writing the pair is losing 0.28% at 1.4083 and a breakdown of 1.4051
(low Mar.16) would aim for 1.4004 (low Apr.6) and finally 1.3833 (2016
low Feb.29). On the other hand, the next hurdle lines up at 1.4264
(20-day sma) followed by 1.4460 (high Mar.30) and then 1.4517 (high
Mar.18).
(Market News Provided by FXstreet)
