GBPUSD unsuccessful to maintain the rebound
10/23/2017 9:23:57 AM
According Forex market, the GBPUSD pair unsuccessful to maintain the rebound above 1.3203 handle and reversed suddenly below the last.
The short term momentum indicators appear positive for Monday and a run towards the downward tendency persistence at 1.3233 would not surprise. A break of this would allow a move towards 1.3287 and potentially back to the mid October high of 1.3340. On the weakness, slight support will be seen at 1.3158 and at 1.3133 ahead of 1.3105.
FOREX market analysis by FxErvin.