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.
Written by FxErvin