Friday, December 1, 2017

GBP / USD: The pound corrects slightly but downside risks are not yet in question :

GBP / USD remains solidly bullish on Forex despite a slight dip today.

Indeed, the break above 1.3375 boosted the GBP / USD rise on Forex, peaking at 1.3548 recorded yesterday.

Today the pair pauses and corrects towards the threshold of 1.3450 which could offer support before starting up again and targeting 1.3600 and 1.3650 above.

In the event of a breakout of 1.3450, GBP / USD may correct to 1.3375.

Below 1.3375 and 1.3340, immediate risks may fall, with a possibility of falling to 1.3285, 1.3220, 1.3110 and 1.3050 / 1.3030.

GBP / USD is currently trading at 1.3470 on Forex.
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