GBP Moved to lows versus USD in Forex market
7/12/2017 10:47:52 AM
The Pound’s weakness is now raising step on Wednesday, taking GBP/USD to the lower end of the daily range near 1.2828.
As of writing the pair is receding 22% at 1.2828 facing the next support at 1.2800 linked by 1.2754 and then 1.2683. On the upside, a breakout of 1.2871 would open the door to 1.2920 and then 1.2982.
FOREX market analysis by FxErvin.