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GBP/USD continues its slide on Friday - FXStreet

FXStreet (Łódź) - FXStreet Editor and Analyst Omkar Godbole observes that GBP/USD is dropping on Friday, currently near the 1.5990 region, unable to rise above the 1.61 levels earlier.

Key quotes

"Moreover, the pair has failed to sustain gains above the hourly chart double top formation neckline located at 1.5995."

"The hourly RSI, at 1.5969, indicates a high probability that the pair would breach 1.5951 levels and may test 1.59 levels today."

"The daily RSI too, is bearish at 38.936 levels. The bears are likely to stay in control of the pair so long as it trades below the 1.6070 levels."

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