Forex: GBP/USD, EUR/USD lower in ‘risk-off’ Asia

FXstreet.com (San Francisco) - GBP/USD is weaker in early Asia as the greenback is well bid across the board as risk aversion takes its toll as investors wonder where the official EU Greek announcement is – now 25 minutes behind schedule.

Pound has slid to a session low of 1.5820 with support noted at 1.5810 and 1.5770, says Valeria Bednarik, Chief Analyst at FXstreet.com. Resistance levels are seen at 1.5885, 15930 and 1.5970.

As the analyst notes: “With the weekly opening gap still unfilled, the hourly chart shows price below 20 SMA, while indicators are flat in negative territory, putting the pair under some limited bearish pressure: only below 1.5810 static support the slide may become stronger over the next few hours.”

EUR/USD is also targeting lower levels ahead of the EU announcement, having fallen just ahead of the 1.3200 figure, last at 1.3210 with nextsupport at 1.3195.

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