FX & CFD trading involves significant risk
Pound during the American session was under intense pressure amid increasing risk aversion following the publication of weak data on the U.S. housing market and corporate profits. Stock indexes in both Europe and the United States moved into the red zone, but the pound broke $1.6030 support and accelerated decline, having gone below $ 1.6000.
GBP / USD has noted the recent low of $ 1.5995, and is now trading around $ 1.6003.
Immediate support is at $ 1.5975 and $ 1.5950, and resistance - at $ 1.6030 and $ 1.6065 (today's high and MA (200) for H1).
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.