GBP USD moving to lower range
1/13/2017 9:39:58 AM
According to forex market activities the pound is trading somewhat on the cautious at the end of the week, taking GBP/USD to the lower range near 1.2147.
The pair throw over a cent since yesterday’s tops around the 1.2310 handle, as sellers intervene along with some pick up in the demand for the USD.
As of writing the pair is losing 0.03% at 1.2157 and a break of 1.2105 would open the door to 1.2080 and then 1.1460. On the other hand, the next obstacle line up at 1.2277 followed by 1.2320 and ultimately 1.2415.
FOREX Fundamental Analysis
Written by FxErvin