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Forex: GBP/USD falls below 1.5300

FXstreet.com (San Francisco) - The Sterling is extending its decline against the Greenback and after falling around 85 pips since the 1.5365, intra-day high reached in the Asian session, the GBP/USD has been trading lower to break below the 1.5300 frontier and trade at daily lows at 1.5280.

Currently the pair is trading at 1.5290, still 0.1% positive on the day. However, indicators such as MACD and Momentum are positive while the CCI is bearish and the Stochastic is neutral.

Below the 1.5280, next supports are at 1.5270, 1.5230 and 1.5215. On the other side, resistances are at 1.5300, 1.5320 and 1.5365.

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