GBP USD expands withdrawal from high
12/30/2016 12:51:16 PM
According to FOREX market, The GBP is seen retreating a part of the nightly rally against USD, now driving GBP/USD more below 1.2305 handle.
The cable rallied as high as 1.2310 in early Asia, though unsuccessful to stand the up move above 1.2305 handle and turned lower to now trade around 1.2278, still up +0.15% on the day.
In technical viewpoint, upside obstacles are aligned at 1.2310, 1.2347 and 1.2380. While supports are seen at 1.2265 and 1.2210 and below that at 1.2140.
FOREX Fundamental Analysis
Written by FxErvin