FXstreet.com (Córdoba) - The pound was hammered on Friday and fell to a fresh 2-week low versus the dollar as risk aversion surged during the New York session, lifting the greenback across the board.
After being rejected by the 1.6270 area during the European session, GBP/USD came under pressure and having lost over 150 pips ever since, it recently printed a low of 1.6112 undermined by a really disappointing Chicago PMI reading.
At time of writing, GBP/USD is trading at the 1.6120 zone, where it posts a 0.7% loss on the day. As for technical levels, below 1.6110 immediate supports are seen at 1.6065 and 1.6030, while resistances in case of bounces could be found at 1.6180, 1.6215 and 1.6270.
After being rejected by the 1.6270 area during the European session, GBP/USD came under pressure and having lost over 150 pips ever since, it recently printed a low of 1.6112 undermined by a really disappointing Chicago PMI reading.
At time of writing, GBP/USD is trading at the 1.6120 zone, where it posts a 0.7% loss on the day. As for technical levels, below 1.6110 immediate supports are seen at 1.6065 and 1.6030, while resistances in case of bounces could be found at 1.6180, 1.6215 and 1.6270.
