GBP versus USD rising to highs in forex market
2/13/2017 11:59:31 AM
The pound is now collecting additional traction against the dollar, rising GBP/USD to fresh daily highs near 1.2547.
The pair saw additional buying pressure at the start of the week, provoking the pair to expand more north its breakout of the critical barrier at 1.2507 the figure.
As of writing the pair is rise 0.34% at 1.2533 and a breakout of 1.2576 would open the door to 1.2682 and ultimately 1.2717. On the other hand, the immediate support line up at 1.2438 followed by 1.2347 and ultimately 1.2257.
FOREX market analysis by FxErvin.