GBP USD Ups and downs
11/30/2016 8:51:59 AM
The pound is downward at the end of the Asian session on Wednesday, with the upside in GBP/USD up to now restricted by 1.2510 the figure.
The continuing recovery of the dollar put the recent upside in spot under the test during overnight trade, provoking it to come down after temporarily testing the persistence area of 1.2535 during the European evening on Tuesday.
According to writing the pair is losing 0.10% at 1.2481 facing the next support at 1.2310 followed by 1.2300 and ultimately 1.2000. On the other hand, a breakout of 1.2530 would expose 1.2535 and then 1.2675.
Fundamental Analysis
Written by FxErvin
