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.
FOREX Fundamental Analysis by:
FxErvin
