GBP/USD recently reached the buy target 1.7100 that was set in our earlier report for this currency pair. The price recently reversed up from the support zone lying between the round support level 1.7000 (former resistance level which reversed GBP/USD down at the start of May) and the 38.2% Fibonacci Correction of the preceding upward impulse from the support trendline of the latest up channel from March.
GBP/USD is expected to rise further to the next buy target at 1.7200 (forecast price for the completion of the currently active minor impulse wave 3).
The post HY MARKETS News: Forex Report: GBP/USD appeared first on | HY Markets Official blog.
