GBP USD awaits the breach 17/12/2013
Economies.com
2013-12-17 05:35AM UTC
The pair’s trading is stuck between 1.6255 and the EMA50 which acts as an intraday resistance now at 1.6345, and the price needs to breach this resistance to regain the bullish track again, and achieving our waited targets which begin mainly at 1.6700
Stochastic provides positive signal that supports the continuation of the bullish trend expectations, which remain valid unless breaking 1.6255
Expected trading range for today is between: 1.6255 support and 1.6500 resistance.
Expected trend for today: Bullish
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