Midday update for GBP USD 02/07/2015
Economies.com
2015-07-02 10:42AM UTC
The GBPUSD pair shows sideways and tight range trading since morning, settled below 1.5645 level, therefore, our bearish correctional trend expectations remain valid and active, waiting for testing 1.5555 level initially, reminding you that breaking this level will extend the bearish correction to reach 1.5485 level.
Stochastic current positivity might push the price to retest 1.5645 level before resuming the bearish bias.
Expected trading range for today is between 1.5485 support and 1.5750 resistance.
Expected trend for today: Bearish
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