GBP USD Trading around 1.2500
2/16/2017 3:07:47 PM
The general softer tone around the dollar is permitting GBP/USD to make progress part of the ground lost in recent sessions, now trading close to session highs near 1.2477.
GBP succeeded to reclaim the upper 1.2407s after bottoming out near 1.2386 despite disappointing consequences from UK’s inflation figures and an unconvincing jobs report.
As of writing the pair is up 0.07% at 1.2469 facing the next persistence at 1.2576 ahead of 1.2684 and ultimately 1.2717. On the other hand, a breakdown of 1.2383 would wish for 1.2346 and ultimately 1.2253.
FOREX market analysis by FxErvin.