GBP/USD: Sells Off On Price Weakness
FXTechstrategy Team | Mar 15, 2016 07:03AM ET
GBP/USD
The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBP/USD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level, where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness towards the 1.4100 level. Conversely, resistance stands at the 1.4350 levels, with a turn above here allowing more strength to build up towards the 1.4400 level. Further out, resistance resides at the 1.4450 level followed by the 1.4500 level. On the whole, GBP/USD remains weak and vulnerable to the downside.
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