FxGrow Daily Technical Analysis – 28th June, 2017
By FxGrow Research & Analysis Team
GBP/USD Rallies Supported by Positive Fundamental, Awaiting Carney
After a disappointing UK Parliament Elections with sharp decline for GBP/USD, the pair found some positive fundamentals supporting Sterling sharp tone facing collapsing U.S Dollar. GBP/USD recorded +144 pips price action with 1.2860 high and closing at 1.2813, above 50 EMA (1.2777) which confirms a bullish momentum. Today, the cable plunged to 1.279 low after clocking 1.2827 high, currently trading at 1.2816 with expectations for more volatility taking into consideration sharp declines ...
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