Euro and sterling extend losses as the dollar advances - ConsultFX

Euro and sterling extend losses as the dollar advances

GBP/USD down to session low of 1.3154, tests the 100-hour MA Sellers are now attempting to break below the 100-hour MA (red line) in cable, which would then shift the near-term sentiment to bearish. But there's also support near the 1.3150 level in the form of the 38.2 retracement level as shown above.