GBP/USD Update – 14/09/2017 (11:10am) – by Arjun Lakhanpal

GBP/USD Update – 14/09/2017 (11:10am): Cable shed over a cent since yesterday’s fresh cycle tops around 1.3330 following a strong rebound in the demand for the US Dollar, particularly in response to rising speculations over Trump’s plans to finally implement his promised tax reform. A break above 1.3300 (high Sep.12) would open the door to 1.3329 (2017 high Sep.13) and finally 1.3447 (high Sep.6 2016). On the flip side, the immediate support lines up at 1.3159 (low Sep.8) seconded by 1.3112 (23.6% Fibo of the 2017 up move).