GBP USD below the resistance – Analysis - 19/12/2014
Economies.com
2014-12-19 06:05AM UTC
The GBPUSD pair keeps its stability below 1.5720 level, which represents the most important factor that keeps the bearish trend scenario valid and active, as we are waiting to visit 76.4% Fibonacci level for the bullish wave that appears on chart at 1.5370.
We remind you that breaching 1.5720 will push the price to retest the previously broken neckline for the big head and shoulders’ pattern at 1.5870 before any new attempt to decline.
Expected trading range for today is between: 1.5500 support and 1.5720 resistance.
Expected trend for today: Bearish
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