GBP/USD extends decline near to 1.5500

FXStreet (San Francisco) - The British Pound is trading lower on Monday as investors are digesting bad the suspension of the bailout of Greece. Against the dollar, the pair broke below 1.5525 and is now testing the 1.5510, its lowest since Christmas Day.

Currently, GBP/USD is trading at 1.5521, down 0.20% on the day, having posted a daily high at 1.5588 and low at 1.5515. GBP/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

GBP/USD levels

If the pair consolidates lows, it could find next supports at 1.5500 and 1.5480. To the upside, resistances are at 1.5535, 1.5550 and 1.5560.