GBPUSD flows to Forex weekly highs
2/1/2018 9:30:49 AM
After a first dip to the 1.4158 area, the GBPUSD pair reclaimed traction and turned positive for the 2rd successive session.
The constant bullish momentum is probable to provoke immediate persistence near the 1.4305 handle, which if cleared conclusively should pave the way for an extension of the pair's growing move.
On the other hand, decline back below 1.4233 level now appears to find strong support near the 1.4205 handle, below which the pair might float back towards 1.4133-45 horizontal support.
FOREX market analysis by FxErvin.