GBP/USD forms new low close in the 1,2860

FXStreet – The recovery attempt of the GBP/USD remained below the resistance of 1.29, while the focus of the markets on the US economic data.

The offers to the Few intact, which also has to do with the Worry about the upcoming UK data, as the Conservative party of the UK PM May to lead over Labour has lost.

The pound for delivery in new offers and day-to-day low was formed at 1.2860. The USD is experiencing compared to its main competitors a slight recovery, after which the US President, Trump on the G7 Meeting over the North Korean language.

From the USA expect us today, the new orders for durable goods and the US Q1 GDP.

GBP/USD to test levels

The FXStreet Analyst Haresh Menghani says: “The Pair will encounter in the 1,2850-45 on a support and including is to be expected with a downward movement in the direction of 1,2800. Eie’s main support lies in the area of the 1,2770-65. Recovery support in the experiments of the previous trend channel, the 1,2920 resistance to bumping. A recovery, moreover, is likely to be limited by the 1,2950.”

** FXStreet News Editorial, FXStreet**

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