Midday update for GBP USD 30/09/2014

Economies.com
2014-09-30 10:47AM UTC

 

The GBPUSD pair traded with strong bearish bias after approaching from the EMA50, to reinforce our bearish trend expectations suggested for today, where the price approaches from our first main target at 1.6165, waiting for more bearish bias that is supported by stochastic negativity.

 

We remind you that the expected bearish trend depends on holding below 1.6360.

 

Expected trading range for today is between: 1.6130 support and 1.6320 resistance.

 

Expected trend for today: Bearish

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