GBP USD floating around new high
1/20/2017 8:42:19 AM
According to trading activities in forex market the dollar has continued its weekly weakness, helping GBP/USD to ascent more north of the 1.2290 barrier.
The pair is proceeding for the 2nd successive session today, expanding the rebound Wednesday’s lows in the mid-1.2210s versus a backdrop of a generalized selling bias nearby the dollar.
As mentioned above the pair is gaining 0.07% at 1.2355 facing the next hurdle at 1.2417 ahead of 1.2438 and ultimately 1.2535 On the downside, a break below 1.2248 would wish for 1.2015 and ultimately 1.1980.
FOREX Fundamental Analysis
Written by FxErvin