GBP USD stopped the withdrawal
5/8/2017 9:47:16 AM
The bulls are seen trying hard to preserve 1.2953 levels, as the GBP/USD pair merges the withdrawal from 6 month tops got at 1.2987 earlier on the day.
A break above 1.2987 could boost the pair above 1.3018, beyond which a test of 1.3053 is impending. Contrariwise, a break below 1.2934, leading to a following break below 1.2905 is probable to drag the pair towards testing its next support near 1.2853.
FOREX market analysis by FxErvin.