GBP USD trading in a slim range 1
11/24/2016 12:53:03 PM
The pound continue showing signs of flexibility above the 1.2410 handle against the dollar, with GBP/USD trading in a narrow range around 1.2430 for now.
The pair is looking to merge around current levels, handling rather well to stick to the 1.2400 handle in spite of the generalized USD-strength.
As of writing the pair is losing 0.10% at 1.2425 a break of 1.2308 would open the door to 1.2295 and ultimately 1.2080. On the upside, the next hurdle aligns at 1.2515 followed by 1.2585 and then 1.2675.
Fundamental Analysis
Written by FxErvin
