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GBP/USD resumes the downside after short-lived bounce

FXstreet.com (Córdoba) - Following a 100-pip slide, the pound managed to find buyers at the 1.5030/35 area and temporarily paused its decline versus the dollar. However, the recovery was sort-lived and with the bounce being capped by the 1.5070 region, the GBP/USD resumed the downside.

At time of writing, GBP/USD is trading at the 1.5040/45 area, where it records a 0.4% loss on the day, with immediate supports at 1.5032 (daily low) and 1.5013 (May 23 low) ahead of 1.5000 (psychological level), while on the upside resistances are seen at 1.5070 (intraday resistance) and 1.5133 (daily high).

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