GBP/USD breaks under the support of 1.5400

FXstreet.com (Cordoba) - the GBP/USD broke below the 1.5400 and marked new lows while shares lose strength on Wall Street and the greenback extends gains across the Board.

GBP/USD falls under the moving average of 50 days

GBP/USD has lost more than 160 pips from the highs of the day and fell to a new low of 2 weeks of 1.5371, having pierced the 50 day moving average. At the time of writing, GBP/USD is trading around 1.5375/80, which recorded a loss of 0.8% on the day, after a modest rebound on Thursday.

The next brackets are now at 1.5365 (moving average of 200 in 4 hours chart) and 1.5318 (100-days moving average), while the resistances could be found at 1.5480 (average of 20 hours) and 1.5530 (daily maximum).