Forex: GBP/USD entering Europe at session lows

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Forex: GBP/USD entering Europe at session lows

FITITOL--> FXstreet.com (San Francisco) - GBP/USD has traded between 1.6115 and 1.6150 this Friday in Asia, last quoted near the bottom of the range, 0.1% below the end of trading late Thursday.

News of J.P. Morgan’s $2 billion trading loss weighed on sentiment, along with uncertainty surrounding the Greek political situation.

In the session ahead, non-seasonally adjusted Producer Price Index data for April will be key risk event for GBP, due for release at 0830 GMT. To the downside, support lies at 1.6090 (14 Nov high), while, to the upside, resistance is noted at 1.6126 (intraday).