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GBP/USD poised for a weekly loss

FXStreet (Córdoba) - GBP/USD is trading lower on the day and poised to close the week in negative territory following two consecutive weeks of recovering from the Scottish referendum-induced slump.

Cable has been trading erratically this week and came under renewed pressure Friday as the greenback continues to build gains. GBP/USD slid back below 1.6300 and touched a 10-day low of 1.6237 before pausing the decline and settling in a slim range just above that level. At time of writing, GBP/USD is trading at 1.6245, 0.43% below its opening price and down 0.37% this week.

GBP/USD technical levels


In terms of technical levels, GBP/USD could find immediate supports at 1.6237 (Sept 26 low) and 1.6200 (psychological level). On the other hand, resistances are seen at 1.6414 (Sept 26 high), 1.6500 (psychological level) and 1.6523 (Sept 25 high).

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