Midday update for GBP USD 27/11/2015
Economies.com
2015-11-27 10:52AM UTC
The GBPUSD pair broke 1.5085 level and closed the last four hours’ candlestick below it, reinforcing the expected negative scenario for today, which gets continuous support from the EMA50, as the price approaches from testing the psychological barrier at 1.5000.
Thus, the bearish trend will remain valid for today, reminding you with our main target at 1.4885, which achieving it conditions holding below 1.5305 level.
Expected trading range for today is between 1.4950 support and 1.5150 resistance.
Expected trend for today: Bearish
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