GBPUSD Trading on low level in forex market
2/20/2018 9:12:30 AM
The pound is still lower toward the Europe session, now trading just below 1.3977.
The pound has weakened against the dollar for two straight trading days, yet bullish predictions remain high, with the 40 MA still acting as support from 1.3883. Near-term action will need to either drop below the recent fluctuate low at 1.3760 to establish a bearish breakdown, or to clear the last fluctuate high at 1.4347 to establish a return to the bullish trend.
FOREX market analysis by FxErvin.