GBP USD attempts positively – Analysis - 31/08/2015
The GBPUSD pair showed negative trading on last Friday after attempting to break 1.5405, but it couldn’t manage to hold for long time below the mentioned level, to trade above it again and turn us back to monitor the price behavior according to 1.5405 support and 1.5605 resistance, as the price needs to breach one of these levels to detect its next targets clearly.
Breaking the above mentioned support will push the price to visit areas that start at 1.5245 and might extend to 1.5085, while breaching the resistance represents important positive key that supports the attempts of regaining the main bullish trend, which its first main target located at 1.5930.
Expected trading range for today is between 1.5300 support and 1.5560 resistance.
Expected trend for today: Neutral
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