GBP USD attempts to break 08/05/2013
Economies.com
2013-05-08 05:08AM UTC
The pair made an attempt to break below 1.5485 achieving a daily close with few points below this level, which makes us prefer witnessing more downside moves today, supported by the stability below the EMA50.
The main waited targets located at 1.5340, while breaching above 1.5500 will push the price to retest the bullish channel’s resistance around 1.5655
Expected trading range for today is between: 1.5340 support and 1.5595 resistance.
Expected trend for today: Bearish
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