GBP/USD falls further after upbeat US GDP

FXStreet (San Francisco) - The Pound is falling faster against the US Dollar as the pair is enjoying favorable environment for the greenback after a US GDP's revision upwards to 3.9% from the previously informed of 3.5%.

The GBP/USD is extending its decline from 1.5695 and after falling 40 pips it is now testing daily lows at 1.5650. Currently, GBP/USD is trading at 1.5656, down 0.31% on the day, having posted a daily high at 1.5710 and low at 1.5649.

The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

GBP/USD levels

Below 1.5650, next supports are at 1.5630 and 1.5600. To the upside, resistances are at 1.5670, 1.5700 and 1.5715.