GBP/USD Gains Ground

The GBP/USD made a pattern at its 100 day moving average and now sits around 1.2490.

The valued during the last three sessions showed some appetite to rally above the major moving average.

Now, the pair trades at $1.2473, which is an addition of $0.00117 or 0.09% from the previous close of 1.24622.

The daily range is from $1.2438 to 1.2499, while the trading volume is 202.933K.  Today the price demonstrated some and advanced to a peak of 1.24993

On the other hand, the bottoms marks at the low from yesterday at the 1.24373 area. 

The weakest to the best trading range for the week is only a range of 134 pips.