GBP is increasing versus USD on the Forex market
2/28/2017 2:14:22 PM
The pound appears to have improved the smile on Tuesday, now raising GBP/USD back above the mid-1.2390s, or session tops.
The pair is reverting two successive sessions with losses today, proceeding to the area of daily highs in the area of 1.2448 amongst a softer tone in the dollar.
GBP has reclaimed the 1.2390 handle after a short descent to fresh lows near 1.2383 at the beginning of the week in reaction to the re-development of Brexit worries.
As mentioned above the pair is up 0.032% at 1.2447 facing the next hurdle at 1.2490 followed by 1.2497 and ultimately 1.2573. On the other hand, a break below 1.2386 would wish for 1.2375 and ultimately 1.2345.
FOREX market analysis by FxErvin.