GBP USD arising itself on high range in Forex market
7/10/2017 6:51:47 PM
The Pound has started the week on a stable balance, now arising GBP/USD to the area of daily highs above 1.2905/1.2870 the figure.
Meanwhile, the pair is looking to merge in the lower end of the recent range following the refusal from late June tops in the 1.3033 area.
As of writing the pair is up 0.11% at 1.2907 facing the next obstacle at 1.2936 followed by 1.2989 and ultimately 1.3033. On the other hand, a break of 1.2872 would open the door to 1.2870 and then 1.2822.
FOREX market analysis by FxErvin.