Midday update for GBP USD 05/03/2015
Economies.com
2015-03-05 12:22PM UTC
The GBPUSD pair trades in sideways and tight track since morning settled below 1.5350 level, which keeps our bearish trend expectations valid for today, which its targets begin at 1.5200 then 1.5110.
The EMA50 keeps supporting the suggested bearish wave, while stochastic positivity might cause some slight and temporary bullish bias before it returns to resume the expected decline.
Expected trading range for today is between: 1.5110 support and 1.5350 resistance.
Expected trend for today: Bearish
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