The Pound weakened versus the Dollar erasing its gains from the NFP on Friday as risk aversion rose slightly. Overall, GBP/USD traded with a low of 1.5031 and a high of 1.5196. GBP/USD trend continues to be bearish and still not in oversold RSI conditions. Today, Trade Balance is expected with -6.9B versus -7.3B prior.

GBP/USD - Last: 1.5010

Resistance

1.5140

1.5200

1.5245

Support

1.4970

1.4880

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