GBP USD awaits confirming the positive signal – Analysis - 27/10/2014
Economies.com
2014-10-27 05:14AM UTC
The GBPUSD pair’s trading around our first target at 1.6100 level, while stochastic approaches from providing positive overlapping signal on the daily time frame, and that provides good support for the suggested bullish trend scenario in our last reports, which depends mainly on the stability above 1.6000 level.
Our next targets reach to 1.6300, pointing that breaching this level will provide more support for the chances of stopping the bearish correctional trend which controlled the trading recently.
Expected trading range for today is between: 1.6000 support and 1.6300 resistance.
Expected trend for today: Bullish
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