GBPUSD Trading News in Forex market
2/12/2018 2:46:32 PM
GBPUSD seems to be getting away from 1.3877 beyond European market open, trading into 1.3853.
Intraday support/persistence is valued in at 1.3783 and 1.3978 in turn, while price seems to be battling it out with support turned persistence at 1.3850.
Daily candles show the longer term upward tendency still complete, and the pair may succeed to price in a turnaround from support given at 1.3833. Sustained risk aversion in global markets could see a failure from here into support at 1.3575, bringing GBPUSD nearer to the 150-day EMA, still steadfastly bullish at 1.3217.
FOREX market analysis by FxErvin.