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The British pound sterling fell to a two-week low on Thursday. The declines came mostly on the back of a stronger dollar.

Having lost the 1.3000 handle already, the GBPUSD briefly fell to the two-week low before pulling back slightly.

For the moment, any retest to 1.3000 will see a test of resistance. However, a move above this level could put the GBPUSD back on track to the previous resistance level at 1.3122.

To the downside, a close below the recent swing low could see further declines coming.

This will open the way for the GBPUSD to potentially test the 1.2750 level of support once again.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

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