GBP USD unmoved in the board
11/4/2016 8:21:40 AM
The pound is looking to merge yesterday’s strong advance to the area of 1.2500 the figure against the dollar, with GBP/USD now turning around the 1.2460 area.
The pair appears to have broken above the dominant consolidative theme above the key support area of 1.2080 on Thursday.
As of writing the pair is losing 0.02% at 1.2460 facing the next persistence at 1.2495 followed by 1.2583 and ultimately 1.2780. On the other hand, a breach of 1.2375 and after that 1.2086 would open the door for a test of 1.1450.
Fundamental Analysis
by FxErvin
