GBP/USD tests 1.7125 ahead of Draghi and NFP

FXStreet (San Francisco) - The Sterling was trading down against the US Dollar amid a weaker than expected services PMI. The GBP/USD declined 35 pips in the last hour from 1.7160 to test the 1.7125 level.

Currently, GBP/USD is trading at 1.7131, down -0.20% on the day, having posted a daily high at 1.7170 and low at 1.7125. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

GBP/USD sentiment

Below the 1.7125, the GBP/USD would find support at 1.7100 and 1.7050. On the upside, resistances are at 1.7160, 1.7170 and 1.7185.