GBP/USD continues the decline

FXstreet.com (New York) – The GBP/USD foreign exchange rate could not reverse its gradual decline Friday, suffering extended losses during US trading.

In the United States, the Reuters/Michigan Consumer Sentiment Index (August) was reported at 82.1, beating a consensus of 80.5.

At this juncture, the GBP/USD is now testing 1.5474, incurring a loss of -0.19% off its opening. Briefing the technicals, the GBP/USD will attempt to be bolstered by supports at 1.5477, ahead of 1.5447, and 1.5411, notes the Mataf.net analyst team.

GBP/USD strategic bias

According to the Technical Analyst Team at ICN.com, “The GBP/USD’s trading tends to the downside today accompanied by …read more