GBP USD at the critical level – Analysis - 31/10/2014
Economies.com
2014-10-31 04:48AM UTC
The GBPUSD pair ended yesterday’s trading exactly at 1.6000, which represents the most important key to detect the next destination, as we mentioned yesterday that holding below it will push the price to target 1.5720 areas mainly, while trading above it again will reactivate the bullish trend, to target 1.6100 followed by 1.6300 areas mainly.
Therefore, we will continue with our neutrality until we get clearer signal for the trend, and monitoring the daily candlestick according to 1.6000 level.
Expected trading range for today is between: 1.5875 support and 1.6100 resistance.
Expected trend for today: Neutral
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