GBP USD withdrawals from highs 1
11/9/2016 9:29:01 AM
The dollar stays deep into the negative territory on Wednesday, taking GBP/USD back to the 1.2480 region.
The pair is progressing more than 1% backed by the growing weakness surrounding the USD in response to the outlook of Republican candidate Trump becoming the new US President.
Meanwhile, nervousness keeps ruling the sentiment for now, with markets in the Old Continent expected to open with strong losses.
As of writing the pair is up 0.80% at 1.2483 facing the next persistence at 1.2560 followed by 1.2740 and then 1.2945. On the other hand, a break below 1.2288 would open the door to 1.2086 and ultimately 1.1450.
Fundamental Analysis
by FxErvin
