GBP/USD makes new lows for the day

GBP/USD remains near daily lows, after falling sharply from a post-FOMC peak in the 1.3250 area, with a survey from YouGov suggesting UK consumer confidence was at a 6-year low offering some pressure.

Despite disappointing jobless claims data, GBP/USD failed to recover ground  and it even made a marginal new low for the day at 1.3131 in recent dealings. At time of writing, Cable is trading at 1.3135, 0.65% below its opening price.

GBP/USD levels to consider

In terms of technical levels, next supports could be found at 1.3056 (Jul 26 low), 1.2970 (Jul 12 low), 1.2849 (Jul 11 low) and 1.2796 (31-year low, Jul 6). On the other hand, resistances are seen at 1.3247 (Jul 28 high), 1.3315 (Jul 18 high) and 1.3480/82 (Jul 15 high/Jun 27 high).