GBP/USD fell to a daily low of 1.6354 and holds barely above that level, having erased previous daily gains. Cable is at the 1.6360/65 area, 0.22% below its Wednesday's opening price.
"Technically, the 4 hours chart shows 20 SMA flat just below 1.6340 previous strong resistance zone, with indicators heading lower still above their midlines: pair needs to lose that level, to extend its slide towards the 1.6260/80 price zone", said Valeria Bednarik, chief analyst at FXstreet.com. "The upside now seems limited by 1.6400 static psychological resistance level: only back above this last the pair may regain strength, although limited to recent highs at 1.6440".
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