Midday update for GBP USD 24/11/2015
Economies.com
2015-11-24 12:47PM UTC
The GBPUSD pair crawls gradually towards our first target at 1.5085, and the EMA50 keeps pushing on the price, which supports the continuation of the bearish bias in the upcoming period and breaking the mentioned support, which will push the price towards 1.4885 level mainly.
Therefore, we continue to suggest the bearish trend as long as 1.5245 and 1.5285 levels remain intact, and the price might witness some sideways fluctuation until stochastic gets enough negative momentum to push the price to break the above mentioned level.
Expected trading range for today is between 1.5000 support and 1.5245 resistance.
Expected trend for today: Bearish
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