Pound Sterling Price News and Forecast: GBP/USD remains pressured near the lowest in 13 days
|GBP/USD Price Analysis: Sellers attack 1.3800 on the way to 200-DMA
GBP/USD seesaws inside a choppy range around 1.3810 after bouncing off over two-week lows, flashed the previous day. That said, the cable registers 0.05% intraday gains by the press time of Friday’s Asian session. Given the quote’s downswing from 50-DMA, backed by the easing RSI line, not oversold, the GBP/USD prices are likely to remain under pressure. That said, the 200-DMA level of 1.3777 acts as the key immediate support to watch ahead of early July’s low surrounding 1.3730.
GBP/USD is correcting the current decline and might go higher
GBP/USD corrected some of the recent uptrends currently and it just rebounded from 1.35721, looks like it has to go higher to achieve the orders above to fill them, and then it will continue going down to complete the correction and then rebounds from 1.32828 as there's a node which shows the price is cheaper and there will be a good opportunity to start buying. Price might see 1.37612 and then goes up to 1.41360, after testing the level price might start declining to the level 1.32823 - 1.32495
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