GBP/USD extends decline below the 1.6900 level

FXStreet (San Francisco) - After falling 70 pips from 1.6925, the Sterling is trading now at lows since June 12 at 1.6855 against the US Dollar.

Currently, GBP/USD is trading at 1.6866, down 0.27% on the day, having posted a daily high at 1.6928 and low at 1.6857. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.

GBP/USD sentiment

The GBP/USD is now testing the 100-day MA at 1.6855, next supports would be 1.6845 and 1.6800. On the upside, resistances are at 1.6875, 1.6925 and 1.6950.