FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.4693. Gbp has just break under 1.4720 support zone, now resistance, as Asian trading desk continue under risk aversion pressure triggered in previous sessions.
Price is attempting to break 20 SMA that looks to flat to define a certain trend. Should turn either upside or downside to support further bias, said Valeria Bednarik, collaborator at FXstreet.com.
CCI posted a nice cut of it's 0.00 medium line and suggest further losses in the pair, as well as longer time frames. Look for the 200 EMA to hold the downside at least at a first attempt.