GBP USD trying to lessen decline
12/19/2016 9:57:29 AM
The GBP/USD pair expands its Asian integrative manner into early Europe, and improves losses, trying to take benefit from continues decline seen around the USD against its major peers.
The USD stopped its increase across the board and reduced on Friday, after a renewed risk-off wave gripped the markets on reports that China has seized a US naval drone. In the meantime, the USD index now fell -0.28% to 102.67, twisting near session lows of 102.57.
In technical view point, upside obstacles are aligned at 1.2490, 1.2555 and 1.2576. While supports are perceived at 1.2460 and 1.2410 and below that at 1.2354.
Forex Fundamental Analysis
Written by FxErvin