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GBP/USD falls below 1.5100

FXstreet.com (Córdoba) - The pound is among the worst performers in the FX space on Monday, printing losses versus the dollar and the euro despite the low volume.

GBP/USD pierced below the 100-hour SMA and the 1.5100 level and extended its decline to a daily low of 1.5085 in recent dealings, having lost over 70 pips from daily highs.

At time of writing, GBP/USD is trading at the 1.5090 area, 0.3% below its opening price. As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates immediate support levels at 1.5070, 1.5020 and 1.4990, while she sees resistances at 1.5130, 1.5175 and 1.5210.

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