GBP USD tends to decline – Analysis - 02/09/2014
Economies.com
2014-09-02 05:11AM UTC
The GBPUSD pair opens today’s trading bearishly to break the EMA50 and settles below it now, reinforcing our recently suggested bearish trend scenario, that gets good support from stochastic on the four hours time frame, waiting to test the strength of 1.6520 level mainly.
We remind you that the continuation of the bearish bias depends on holding below 1.6680.
Expected trading range for today is between: 1.6460 support and 1.6680 resistance.
Expected trend for today: Bearish
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