GBP USD unmoved ahead of UK data in Forex market
4/7/2017 11:54:23 AM
During the Forex market, the pound is trading nearly unmoved against the dollar at the end of the week, taking GBP/USD to the area of 1.2468 ahead of UK data statements.
The pair is expanding its marginal theme on Friday, fluctuating between 1.2403 and 1.2510 amongst a generalized lack of significant events and usual scarce instability.
As mentioned above the pair is up 0.011% at 1.2473 fronting the next obstacle at 1.2557 followed by 1.2603 and ultimately 1.2564. On the other hand, a breakdown of 1.2432 would reveal 1.2377 and then 1.2360.
FOREX market analysis by FxErvin.