GBPUSD recoiled from high in Forex market
3/14/2018 6:30:04 PM
During Forex market The GBPUSD pair recoiled over 45-pips from two-week tops and has now fell to new session lows, below mid-1.3911s, trimming part of preceding session's strong up-move.
Preceding strong persistence, near the 1.3915 area, now appears to act as an immediate support, which if broken might cause some extra decline towards its next support near the 1.3830-15 area. On the positive aspect, bulls would be eyeing for a follow-through momentum beyond the 1.4007 handle, above which the pair is probable to goal towards testing the 1.4032-50 hurdle.
FOREX market analysis by FxErvin.