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GBP/USD prints 6-day low, tests support at 200-day SMA

FXStreet (Córdoba) - GBP/USD has continued to move south during the New York session, extending intraday losses to fresh weekly lows before the 200-day SMA offered support.

The pound is underperforming against major competitors, especially against the dollar and the yen which are the top performers against a risk aversion backdrop.

GBP/USD broke below 1.5400 and accelerated to a low of 1.5340, last seen Sep 16. At time of writing, Cable is trading at 1.5365, down 0.92% on the day.

GBP/USD key levels


As for technical levels, immediate supports could be found at 1.5340 (Sep 22 low/200-day SMA) and 1.5300 (psychological level). On the other hand, resistance are seen at 1.5410 (50% of 1.5162-1.5658), followed by 1.5475 (Sep 10 high) and 1.5530 (100-day SMA).

GBP/JPY falls toward 184.00, hits 2-week lows

The pound is the worst performer among European currencies on Tuesday. Against the yen is trading at the lowest level in two weeks after breaking an important support. The Japanese yen is rising across the board amid risk aversion.
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