GBP USD Moving throw session lows
6/1/2017 1:07:31 PM
According to Forex market activities, the pound is trading on the protective in the second half of the week, now pulling GBP/USD to the area of session lows in the 1.2867 band.
Cable is withdrawing for the first time after 4 following improvements, though the weekly up move still looks capped by the 1.2915 band.
As mentioned above the pair is losing 0.22% at 1.2863 opposing the immediate support at 1.2768 followed by 1.2760 and then 1.2730. On the other hand, a breakout of 1.2918 would wish for 1.2920 and ultimately 1.2947.
FOREX market analysis by FxErvin.