GBP Trading News versus USD in Fx market
11/8/2017 5:46:24 PM
The GBPUSD pair speeded up its weakness last minutes, reducing sharply towards the 80-EMA at 1.3138 among resurgent USD demand across the board.
The short-term momentum indicators appear slightly positive though the dailies remain in impartial, so a cautious stance is required although a break of proximate persistence at 1.3177/85 would then allow for a run towards 1.3237/45. On the weakness, slight support will be seen at 1.3150 and then at 1.3135, below which could see a run back to 1.3115 and the 7 Nov low of 1.3061 although this appears improbable.
FOREX market analysis by FxErvin.