GBP USD extends the bearish correction – Analysis - 03/09/2014
Economies.com
2014-09-03 05:02AM UTC
The GBPUSD pair confirmed breaking 1.6520 level by getting a daily close below it, to open the way for extending the bearish correction to target 61.8% Fibonacci level at 1.6360, which makes us suggest the continuation of the negative trading for the upcoming sessions.
The EMA50 supports the decline overview, which remains valid conditioned by holding below 1.6520.
Expected trading range for today is between: 1.6360 support and 1.6520 resistance.
Expected trend for today: Bearish
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