GBP USD gaining below the handle in Forex market
3/31/2017 7:53:11 AM
According to Forex market, the pound is trading on a stable note taking GBP/USD to the higher end of the range just below the key 1.2505 barrier.
Spot is proceeding for the second session in a row on Friday, though another test of the 1.2505 handle still looks indefinable for GBP-bulls.
The pair has increased over a cent since Wednesday’s fall to the area of 1.2368 in spite of the continuous buying interest surrounding the dollar.
As mentioned above the pair is up 0.14% at 1.2487 and a breakout of 1.2531 would goal for 1.2620 and ultimately 1.2666. On the other hand, the next support line up at 1.2417 followed by 1.2395 and then 1.2377.
FOREX market analysis by FxErvin.