GBP restarted to boost versus USD in Forex market
3/13/2017 12:01:51 PM
The extension of the selling bias around the dollar is permitting GBP/USD to recommence the upside and trade beyond the critical 1.2215 handle, or daily highs.
The pair is proceeding for the 2nd session in a row for the first time since mid-February, expanding the positive close on Friday to the area above the key barrier at 1.2215 the figure ahead of the opening bell in Europe today.
As of writing the pair is up 0.36% at 1.2214 and a breakout of 1.2248 would goal for 1.2305 and ultimately 1.2357. On the other hand, the next support aligns at 1.2142 followed by 1.2033 and then 1.1981.
FOREX market analysis by FxErvin.