Midday update for GBP USD 01/09/2014
Economies.com
2014-09-01 10:40AM UTC
The GBPUSD pair surpassed the EMA50 to show some positive attempts that remains stable below the key resistance at 1.6680, which keeps the overall bearish bias valid for today, supported by stochastic losing the bullish momentum reaching the overbought areas.
Therefore, we will continue to suggest the bearish trend unless breaching 1.6680 level and holding above it.
Expected trading range for today is between: 1.6460 support and 1.6680 resistance.
Expected trend for today: Bearish
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