British Pound event risk tonight should result in an active GBPUSD. The pair has declined significantly over the past few weeks and traded at its lowest level since late May earlier today. In the event of a corrective rally, expect resistance at 1.6050, 1.6110, and 1.6170.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
