GBP USD attempts to regain the bullish momentum – Analysis - 22/09/2014
Economies.com
2014-09-22 05:17AM UTC
The GBPUSD pair declined strongly after 1.6520 level formed a strong resistance against the pair’s positive attempts, but the EMA50 managed to stop the mentioned decline, accompanied with clear oversold signals that come from stochastic, these factors support the continuation of the trading inside the minor bullish channel that appears in the image, thus, we expect witnessing bullish bias in the upcoming period, which its targets begin at 1.6520 and extend to 1.6675.
Breaking 1.6270 level will force us to stop the suggested positive scenario.
Expected trading range for today is between: 1.6270 support and 1.6520 resistance.
Expected trend for today: Bullish
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