GBP USD loses momentum – Analysis - 10/02/2016
Economies.com
2016-02-10 05:44AM UTC
The GBPUSD pair keeps its stability below 1.4515 level after retesting this level yesterday, noticing that stochastic approaches from the thresholds of the overbought levels now, which represents negative factor that we wait to assist to push the price to bounce lower in the upcoming session.
Therefore, we keep preferring the bearish trend in the upcoming period as long as the price below 1.4515 level, pointing that the main targets begin at 1.4245 and extend to 1.4078.
Expected trading range for today is between 1.4330 support and 1.4550 resistance.
Expected trend for today: Bearish
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