Technical analytics

GBP/USD

GBPUSD

 

The GBP/USD pair is still in a familiar range. Buyers reached the 1.3600 hurdle on Monday, but failed to reclaim it. The spot faced selling rejection and declined to the 1.3550 area where the EMA50 limited its decline. Sellers broke below the mark in the late European session and tested the 1.3500 handle ahead of the NY opening. The resistance lies at 1.3600, the support comes in at 1.3500.

The pair is likely to extend its losses and will move towards 1.3450 later the day.

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