GBP USD – Pre-closing update – 01/09/2014
Economies.com
2014-09-01 18:42PM UTC
The GBPUSD pair shows some bearish bias after today’s positive trading, noting the appearance of minor rising wedge formation that forms negative factor to support the continuation of the overall negative overview, which gets support from stochastic negativity on the four hours time frame.
Breaking 1.6590 will offer negative motive that reinforces the chances of achieving the suggested targets in our main reports.
Expected trading range for today is between: 1.6460 support and 1.6680 resistance.
Expected trend for today: Bearish
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