FXStreet — The weaker sentiment towards the Greenback helps the GBP/USD on its recovery from the area of the 1,2900 build up and approaching the Pair to the psychological level of 1.30.
Currently, the trade takes place around 1,2980/85, and the Pair is not far away from 7-month high, which was formed at the beginning of the week. Today’s is based on the upward movement on the slight Retracement of the US Treasury bond yields, which deprives the Greenback demand.
To the USD Weaker, the US President, Donald Trump fired the FBI Director, James Corney, and now some analysts believe that the support in Congress for tax reform is fading.
Add to that the Worries about the Korean Peninsula, there are reports that North Korea 6 plans for further nuclear tests.
The UK economic calendar today has nothing to offer and so the focus is on the Export/import price index of the USA and the dynamics of the US bond yields.
Resistances are on the high for the year in the vicinity of 1.30 and 1,3040/50. On the other hand, supports are located at 1.2955/50, and 1,2900 (psychological level).
** FXStreet News Editorial, FXStreet**