GBP USD achieves strong gains – Analysis - 19/09/2014
Economies.com
2014-09-19 05:09AM UTC
The GBPUSD pair soared sharply with the opening of today’s trading after breaching 1.6360 yesterday, to test 1.6520 level now, which represents 50% Fibonacci level that was broken previously.
In general, breaching 1.6360 opens the way for sideways trading in the upcoming period and attempts to stop the bearish correction that dominated the recent trading, and the next targets reach towards 1.6675 and extend to 1.6875, while achieving them requires holding above 1.6360.
Expected trading range for today is between: 1.6365 support and 1.6675 resistance.
Expected trend for today: Bullish
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