Back
11 Mar 2015
GBP/USD breaks below 1.5000 and trades at lows since Jan. 23
FXStreet (Tokyo) - The Sterling is accelerating losses against the US Dollar and after falling more than 100 pips from the 1.5070 area, the pair is now trading at 1.4960, lowest since January 23.
The British Pound broke below the double bottom from January 30th and February 3 at the 1.4990 level and currently, it is trading at 1.4963, down 0.72% on the day, having posted a daily high at 1.5099 and low at 1.4959.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
British Pound to Dollar exchange rate
If the pair extends decline below 1.4960, the next support will be the 2015 low of 1.4950 and then 1.4920. To the upside, 1.5000, 1.5020 and 1.5100 are resistances.
The British Pound broke below the double bottom from January 30th and February 3 at the 1.4990 level and currently, it is trading at 1.4963, down 0.72% on the day, having posted a daily high at 1.5099 and low at 1.4959.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
British Pound to Dollar exchange rate
If the pair extends decline below 1.4960, the next support will be the 2015 low of 1.4950 and then 1.4920. To the upside, 1.5000, 1.5020 and 1.5100 are resistances.