GBP/USD Scaled 1.26 Handle in a Rally Riven by USD’s Weakness

GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The pair scaled 1.26 handle in a rally driven by USD’s weakness. But gains were capped below 1.2615 handle post which price has entered consolidative tone as Brexit talks have entered an impasse adding pressure to British Pound despite hopes for positive progress in a mutually beneficial manner. Traders now await US macro data for short term profit opportunities. 

Please feel free to share your thoughts with us in the comments below.

Was this post helpful?