GBP/USD extends decline below 1.7115

FXStreet (San Francisco) - The Sterling is trading under pressure on Monday following a profits taking and a lack of fundamental news in Europe. After falling around 50 pips from 1.7155, the GBP/USD broke the 1.7115 previous support. Now the pair is set to test 200-hour MA at 1.7100.

Currently, GBP/USD is trading at 1.7113, down 0.27% on the day, having posted a daily high at 1.7169 and low at 1.7105. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

GBP/USD levels

According to market talks, there are buy orders around 1.7090/00 but sell stops through 1.7090. On the upside, sell orders seen at 1.7180/00 before the 1.7200 option interest level.