GBP USD Going toward high during Forex market
7/24/2017 11:46:22 AM
The Sterling has begun the week on a stable note, arising GBP/USD more north of the 1.3011 handle ahead of the opening bell in the Old Continent.
After descending in the 1.2933 area last week, the pair managed to regain some buying interest and retake the psychological 1.3011 limestone, as worries over Brexit and UK politics appear to have taken a breather.
As mentioned the pair is gaining 0.18% at 1.3016 and a break above 1.3032 would open the door to 1.3111 and ultimately 1.3131. On the downside, the immediate support line up at 1.2991 followed by 1.2950 and ultimately 1.2933.
FOREX market analysis by FxErvin.