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GBP/USD Price Analysis: Drops to 1.3670 area, fresh daily lows amid stronger USD

FXStreet.com
 25 days ago

Cover picture for the articleGBP/USD came under renewed selling pressure on Friday amid resurgent USD demand. Failure near 200-hour SMA and a subsequent fall below 1.3700 favours bearish traders. The GBP/USD pair struggled to capitalize on the previous day's strong positive move to weekly tops and came under renewed selling pressure on Friday. The downward trajectory extended through the mid-European session and dragged the pair to fresh daily lows, around the 1.3670 region in the last hour.

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