GBP/USD Morning Technical Report 25/7/2014
ecPulse
2014-07-25 07:46AM UTC
The pair dropped sharply and is trading below the bullish support and below 1.6995 as showing on graph. Stability below the referred to level is negative and could lead to further bearishness intraday today.
MACD, AROON and Linear Regression Indicators are negative. A break below 1.3960 supports exteding the downside move today. From the upside, stabilizing below 1.7080 is significant to keep the negative outlook.
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