Sasha Singh
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GBPUSD : Selling Pressure on The Pair

GBPUSD is in selling pressure today and came down below the 100 day SMA giving a bearish signal. Most likely the pair should find support at 1.6822. 

However if looking at the daily chart the bullish trend remain intact as seen through the 100 day and 200 day SMAs. It is currently testing the key support at 1.6822. Breaking which the pair will move down to the next support level at 1.6770.

US retail Sales data coming out at 8:30 AM EDT might also give some momentum to the pair.