GBP USD Searching the area of high in Forex market
5/10/2017 10:45:55 AM
Yesterday GBP/USD passed the border of 1.2905 and has managed to reclaim some buying interest and is now searching the area of daily tops in the 1.2948 band.
As mentioned above the pair is up 0.16% at 1.2957 facing the next persistence at 1.2996 followed by 1.3010 and ultimately 1.3128. On the other hand, a break of 1.2895 would wish for 1.2828 and ultimately 1.2806.
FOREX market analysis by FxErvin.