GBP USD began the weak protective
5/22/2017 11:07:07 AM
The pound has started the week on the protective, pulling GBP/USD to as low as the 1.2985 area just to reclaim some ground subsequently.
As mentioned above the pair is losing 0.30% at 1.2995 facing the next support at 1.2977 followed by 1.2926 and ultimately 1.2890. On the other hand, a breakout of 1.3048 would reveal 1.3127 and then 1.3345.
FOREX market analysis by FxErvin.
