GBP withdrawals from advance versus USD
7/31/2017 6:54:36 PM
According Forex market, the latest upside momentum around the pound is losing some incentive on Monday, with GBP/USD now retreating to the 1.3123 area, or daily lows.
As of writing the pair is losing 0.03% at 1.3137 and a break below 1.3050 would open the door to 1.2996 and ultimately 1.2992. On the other hand, the next hurdle aligns at 1.3161 followed by 1.3348 and ultimately 1.3453.
FOREX market analysis by FxErvin.