LimitMarkets

GBPUSD aiming for 1.2600

Long
FX:GBPUSD   Livre sterling / Dollar américain
More talk of a rate cut by the US Fed officials is weighing on the dollar. UK Parliament's move against the next PM's prospects of plotting a no-deal Brexit is propping up the sterling. Having broken the falling trend after seeing a six-month low, the pair is now marching back into the straight channel, as such 1.2560 will be the first line to overcome. Further above, we will watch 1.2580 and later 1.2600.

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