GBP USD withdrawals from highs 2
1/25/2017 1:44:08 PM
During the forex market activities, the pound is interchanging gains with losses against the dollar on Wednesday, with GBP/USD handling well up to now to hold the trade above the 1.2515 handle.
After rising as high as the 1.2547 band in early trade, the pair’s advantage appears to have run out of steam, reducing to the current area although keeping the 1.2515 mark ahead of the opening bell in Euro land.
As mentioned above the pair is losing 0.09% at 1.2507 facing the next support at 1.2420 followed by 1.2347 and ultimately 1.2305. On the upside, a break above 1.2547 would open the door to 1.2730 and then 1.2780.
FOREX Fundamental Analysis by:
FxErvin
