OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD fresh lows en-route to 1.6500

FXStreet (Córdoba) - The GBP/USD has fallen sharply Tuesday and is among the worst performers, as investors shrugged off solid construction PMI data and seemed more focused on the news that the Scottish polling gap is narrowing into the referendum on Sep 18.

Following a short-lived bounce attempt, the Cable attacked the downside once again and broke to fresh 5-month lows. The GBP/USD has fallen as low as 1.6509 and remains within striking distance of the major support at 1.6500.

GBP/USD technical levels

Immediate support is now seen at 1.6508 (Mar 26 low), 1.6500 (psychological level) and then 1.6464 (Mar 24 low). On the other hand, resistances could be found at 1.6590 (200-hour SMA), 1.6612 (Aug 27 & 28 highs) and 1.6645 (Sep 1 high).

United States Markit Manufacturing PMI up to 57.9 in August from previous 55.8

Read more Previous

EUR/USD extends bounce to 1.3125

Earlier in the day, the Euro found support at neary 1-year lows around 1.3110 after a 25-pip decline versus the US Dollar. Then the pair bounced and now it is pricing above the 1.3125 area.
Read more Next
Start livechat