GBP USD stands above the handle
4/20/2017 1:33:41 PM
During the Forex market, the GBP/USD pair expands its rebound from 1.2773 area and reclaims 1.2803 handle, as we improve towards the European opening bells.
Momentum above 1.2864 could boost the pair above 1.2915, beyond which a test of 1.2953 is impending. On the contrary, a break below 1.2775, leading to a following break below 1.2748 is probable to pull the pair towards testing its next support near 1.2708.
FOREX market analysis by FxErvin.