GBP USD slightly high ahead of Europe
12/6/2016 9:09:55 AM
The pound is slightly up ahead of the Europe on Tuesday, with GBP/USD crossing a narrow range around the 1.2710.
The pair is trying to hold the trade in the higher end of the recent range near 1.2755 - levels last visited in early October - amongst a mild bias favouring the dollar following Monday’s deep pullback.
According to writing the pair is gaining 0.16% at 1.2751 facing the next obstacle at 1.2790 followed by 1.2863 and then 1.3127. On the other hand, a break below 1.2621 would open the door to 1.2525 and then 1.2497.
Written by FxErvin