Midday update for GBP USD 03/09/2015
Economies.com
2015-09-03 10:20AM UTC
The GBPUSD pair touched 1.5245 level and fins strong support there, while stochastic begins to overlap negatively to support the chances of breaking the mentioned level, which will open the way towards extending the bearish wave to 1.5085.
Therefore we keep preferring the bearish trend for the rest of the day supported by the EMA50, unless breaching 1.5405 level and holding above it.
Expected trading range for today is between 1.5200 support and 1.5405 resistance.
Expected trend for today: Bearish
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