GBPUSD rebounds less than one month lows
10/3/2017 2:28:29 PM
According to Forex market, the GBPUSD pair took several new bids and is now looking at a move near the 1.3305.
On a constant move beyond the 1.3305 handle, a bout of short-covering could boost the pair towards 1.3344 intermediate persistence on the way 1.3383-90 strong horizontal barrier.
In the meantime, on the weakness, decline below 1.3233-28 area could get expanded towards the 1.3203 handle, which if broken has the possible to keep on dragging the pair more towards its next support near the 1.3166-55 area.
FOREX market analysis by FxErvin.