Sterling in Jeopardy as GBP/USD Tests Key Support
GBP/USD has seen significant losses following its September sell-off, plummeting nearly 2.5% from its August high after breaking below the September opening range.
The sterling is currently testing a key support area, having failed to hold above recent resistance levels.
In the short term, buyers must defend the current 1.3345 support zone and push price back above 1.3365 for any potential recovery towards 1.3410 and 1.3474.