GBP USD near daily decline
1/11/2017 5:49:17 PM
According to today’s forex market the pound stays protective on Wednesday, sending GBP/USD to the mid-1.2105, close to daily lows.
The pair is eyeing to keep the trade above the 1.2105 handle for now after temporarily searching the key support in the 1.2105 neighborhood on Tuesday.
As of writing the pair is withdrawing 0.16% at 1.2160 and a break below 1.2107 would open the door to 1.2080 and then 1.1447. On the upside, the first hurdle aligns at 1.2302 followed by 1.2415 and ultimately 1.2430.
FOREX Fundamental Analysis
Written by FxErvin