Midday update for GBP USD 27/05/2015
Economies.com
2015-05-27 10:32AM UTC
The GBPUSD pair retested the previously broken neckline of the double top pattern at 1.5445 and bounces bearishly from there, reinforcing the expectations of continuing the bearish trend for today, waiting to break 1.5335 level to ease the mission of heading towards 1.5190 followed by 1.5040 areas that represent the next main targets.
Stochastic approaches from offering negative overlapping signal that support the suggested decline, which its continuation conditions holding below 1.5445 and 1.5520 levels.
Expected trading range for today is between 1.5250 support and 1.5500 resistance.
Expected trend for today: Bearish
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