GBP Expands its weekly high versus USD
7/14/2017 9:06:25 AM
According to Forex market, the Pound keeps the bid tone well against the dollar, currently transfer GBP/USD to test daily highs around 1.2958.
After retreating in the 1.2803 locality on Wednesday, Cable managed to regain some buying interest and has gained over a cent since then, currently floating over several day peaks in the 1.2967 band.
As mentioned the pair is up 0.14% at 1.2956 and a breakout of 1.2989 would open the door to 1.3032 and then 1.3054. On the other hand, the next down barrier line up at 1.2913 followed by 1.2882 and ultimately 1.2868.
FOREX market analysis by FxErvin.