GBP USD persist the bounce
9/19/2017 11:43:29 AM
Having held up its corrective slide near 1.3465 area in Forex market, the GBP/USD pair expands its firm recovery path above 1.3503 handle into early Europe.
Immediate persistence is fixed near mid-1.3507s, above which the pair is probable to head towards retesting the 1.3610 round figure mark. On the downside, any decline back below the 1.3503 handle and a succeeding fell below 1.3467 level appears more likely to find strong buying interest at a short-term rising trend-channel persistence break-point, now turned support, near the 1.3447 area.
FOREX market analysis by FxErvin.