GBP versus USD confronted to weakening
1/27/2017 7:42:33 AM
The pound is expanding its correction lower from recent tops against the dollar, now pushing GBP/USD to the area of daily lows near 1.2537.
The pair is withdrawing for the second sequential session up to now after being rejected from yesterday’s fresh 6-week tops around 1.2677.
As mentioned above the pair is losing 0.38% at 1.2547 and a break below 1.2495 would wish for 1.2486 and ultimately 1.2414. On the other hand, the immediate support line up at 1.2677 followed by 1.2727 and then 1.2774.
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