GBPUSD is looking to go higher above 1.2280

3 thg 11, 2016

The GBPUSD pair has rallied strongly since yesterday's tight election polls have shown that Donald Trump is rapidly gathering support in the last minute of the US presidential race. The latest hint from the Federal Reserve that they will increase rates in December has been largely priced into the market and the correction in GBPUSD is continuing. We are seeing the 1.2280 level as the key driver for the pair continuing higher. Looking for a retest of that level for another shot higher above 1.2350 and towards 1.2400.