GBP/USD intraday outlook

British Pound/U.S. DollarFXCM

Description

⋅ Feb 10, 2017 7:16 AM

Pair’s retreat from the high of 1.2582 has established a falling tops formation on the daily and suggests the rally from the Tuesday’s low of 1.2346 has ended, thus spot could test 50-DMA support of 1.2427 once the session low of 1.2488 is breached.

GBPUSD