GBPUSD Trading News in FX market
3/9/2018 5:22:58 PM
The GBPUSD pair rapidly retreated an early European session bullish spike but has still succeeded to hold its neck above the 1.3803 handle.
The pair, though, has succeeded to find some support near the 1.3803 handle and was seen merging overnight sharp refusal slide from the 1.3913-25 heavy supply zone.
Any additional up-move beyond the 1.3832 level is probable to provoke persistence near the 1.3867 area, above which the pair is probable to make a fresh effort towards conquering the 1.3907 handle.
On the other hand, the 1.3803-1.3790 area now appears to have arisen as an immediate support, which if broken could pull the pair towards 1.3762 horizontal support on the way 1.3734 area.
FOREX market analysis by FxErvin.