GBP/USD posts 3-month lows
GBP/USD failed to consolidate above the 1.54 mark and came under renewed pressure, losing about a hundred pips and sliding to 1.5303, its lowest since Jun 9 in recent dealings. At time of writing, the pair is trading at 1.5319, 0.14% below its opening price.
Focus now shifts to the upcoming set of US ISM manufacturing PMI reading which may set the tone for markets.
GBP/USD technical levels
In terms of technical levels, next supports could be found at 1.5303 (Sep 1 low), 1.5256 (Jun 9 low) and 1.5220 (Jun 8 low). On the other hand, resistances line up at 1.5364 (200-day SMA), 1.5442 (Aug 28 high) and 1.5487 (100-day SMA).
Author

Ani Salama
FXStreet
Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

















