GBP USD is stable – Analysis - 22/08/2014
Economies.com
2014-08-22 05:24AM UTC
The GBPUSD pair’s trading settles around 1.6585 level, and the price shows tight trading that pushes stochastic to lose its bullish momentum on the four hours time frame, which supports resuming the intraday bearish trend, which targets testing 1.6520 level as a next main station.
Therefore, our bearish trend expectations remain valid as long as 1.6675 level remains intact, reminding you that breaking 1.6520 will extend the bearish wave to reach 1.6360.
Expected trading range for today is between: 1.6460 support and 1.6675 resistance.
Expected trend for today: Bearish
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