GBP USD Declined over yesterday s trading
1/6/2017 9:58:26 AM
According to yesterday’s trading in forex market, GBP/USD after rising as high as the 1.2428 during overnight trade, has now give up those achievements and withdrew to the 1.2370 band, or daily lows up to now.
The pair is losing ground for the first time after two successive progresses, finding somewhat decent support in the 1.2205 vicinity while earlier tops around 1.2427 appears to be capping the upside for now.
As of writing the pair is withdrawing 0.34% at 1.2375 and a break below 1.2197 would try to get 1.2110 and then 1.2080. On the upside, the first obstacle arrange at 1.2430 followed by 1.2635 and ultimately 1.2730.
FOREX Fundamental Analysis
Written by FxErvin