GBP Raising to the area of highs versus USD
6/6/2017 3:59:24 PM
According to Forex market activities, the pound is expanding its progressive start of the week today, now raising GBP/USD to the area of daily highs near 1.2927.
Improved USD-decline has been maintaining Cable’s upside more north of the 1.2905 handle up to now in spite of the prevailing uncertainty on the general elections due on Thursday.
As of writing the pair is gaining 0.17% at 1.2931and a breakout of 1.2947 would wish for 1.3016 and ultimately 1.3050. On the other hand, the immediate support line up at 1.2847 followed by 1.2764 and then 1.2760.
FOREX market analysis by FxErvin.