GBP USD Integrative below the handle
8/21/2017 1:07:00 PM
The pound is intermittent gains with losses against the dollar at the beginning of the week, taking GBP/USD to the 1.2875/85 band ahead of the European opening.
The pair keep on steadying in the lower end of the range up to now, finding rather decent contention in the 1.2833 area, while another effort to test/surpass the 1.3006 handle seems slightly unlikely in the current context.
As mentioned above the pair is losing 0.07% at 1.2877 and a break below 1.2831 would open the door to 1.2810 and ultimately 1.2750. On the upside, the next hurdle line up at 1.2923 followed by 1.2936 and ultimately 1.3011.
FOREX market analysis by FxErvin.