GBPUSD withdrawals more below the handle
1/17/2018 2:41:46 PM
According Forex market activities, the GBPUSD pair held up its bullish path and once again unsuccessful to stand early strength beyond the 1.3805 handle. The pair recoiled from a key persistence near the 1.3834 area.
Instant support is fixed near the 1.3735-46 area, below which the pair is probable to speed up the reduction towards the 1.3711 handle on the way 1.3650 support. On the upside, the 1.3783-1.3793 area now becomes an immediate hurdle and any following moves might keep on to confront fresh supply near the 1.3843 area.
FOREX market analysis by FxErvin.