GBP USD begins with negativity 15/04/2013

Economies.com
2013-04-15 05:32AM UTC

The pair opens today’s trading with a decline, attempting to break below the bullish channel support that shown in the image, while Stochastic enters the oversold levels, where the EMA50 acts as a support barrier against the intraday trading.

 

Therefore, we will continue in our positive expectations unless witnessing a daily close below 1.5295 and the most important 1.5235

 

Expected trading range for today is between: 1.5235 support and 1.5550 resistance.

 

Expected trend for today: Bullish

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