GBP/USD declines below 1.6750 after Non farm payrolls

FXStreet (San Francisco) - The Sterling is trading down against the US Dollar following the better than expected non farm payrolls data of 175K in February. The GBP/USD declined from 1.6785 to trade around daily lows at 1.6720.

The GBP/USD is currently trading flat on the day at 1.6740 with a short term perspective slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI, Momentum are heading to the south while the Stochastic and MACD are neutral.

GBP/USD levels

Below 1.3720, the GBP/USD would face supports at 1.6700, 1.6690 and 1.6650. On the upside, resistances are seen at 1.6780, 1.6800 and 1.6820.