GBP USD attempts to stop the correction 14/11/2012
Economies.com
2012-11-14 05:43AM UTC
The pair found a good support around 1.5860 forces it to fluctuate positively near the 50% Fibonacci correction level which was breached recently at 1.5900, indicating that the price might attempt to stop the current bearish correction and return to the upside.
Until now, unless the aforementioned level was breached, our bearish trend scenario will remain valid, and the next target will be at 1.5800
Expected trading range for today is between: 1.5700 support and 1.6000 resistance.
Expected trend for today: Bearish
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