- GBP/USD continues to head south for the 7th day, making lower daily highs since the 1.5820 peak
- Traders largely ignoring oversold levels, Stochs point to further downside in the pair, with strong trendline support at 1.5240
- UK services PMI report due later in the day in focus, expectations to show the activity ticked up slightly to 57.6 in August from July's 57.4
- GBP/USD is currently trading at 1.5277, down from day's highs at 1.5313 with immediate support seen at 1.5264 (Daily Low Aug 2)
- On the other side, resistance is seen at 1.5313 (daily high) and then at 1.5333 (30 DMA Lower Bollinger)
R1: 1.5313 (daily high)
R2: 1.5333 (30 DMA Lower Bollinger)
R3: 1.5363 (200 DMA)
Support Levels:
S1: 1.5264 (Daily Low Aug 2)
S2: 1.5257 (Daily Low Jun 9)
S3: 1.5222 (Daily Low Jun 8)


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