GBP/USD registers first decline in 4 weeks

FXstreet.com (Cordoba) - the GBP/USD managed to trim some of their recent losses during the afternoon American after hitting lows of 2 weeks sub-1.5400.

GBP/USD to close the week on 1.5400

GBP/USD rebounded from a minimum of 1.5365 and recovered the 1.5400 mark, but was limited by the area of 1.5455. The GBP/USD traded currently in the area of 1.5435, 0.4% down on the day and on the way to close with a net loss of 1.8%, for the first time in 4 weeks.

GBP / USD lost almost 400 pips of a maximum of 4 months of 1.5755 scored on Wednesday because of speculation that the Fed could reduce its stimulus program boosted the dollar across the Board.

GBP/USD may see a greater weakness

"GBP/USD is vulnerable to downward despite the impression of candle rejection." More weakness will not be a surprise for next week ", says Mohammed Isah, analyst of FXTechstrategy.