GBP USD Declines around last week lows
3/6/2017 3:31:27 PM
The pound is crossing within a tight range against the dollar at the beginning of the week, with GBP/USD now testing the area of daily lows near 1.2278.
As of writing the pair is losing 0.18% at 1.2283 and a break below 1.2214 would aim for 1.2207 and ultimately 1.2044. On the other hand, the first up barrier line up at 1.2310 followed by 1.2391 and then 1.2423.
FOREX market analysis by FxErvin.