GBP USD breaks the support – Analysis - 25/07/2014
Economies.com
2014-07-24 23:53PM UTC
The GBPUSD pair confirmed breaking the bullish channel’s support by achieving a daily close below it, which opens the way for a turn in the intraday track towards the downside, which allows the price to begin a bearish correction that its main targets begin at 1.6865.
Therefore, the bearish bias will be preferred in the upcoming period until breaching 1.7060 and holding above it.
Expected trading range for today is between: 1.6825 support and 1.7060 resistance.
Expected trend for today: Bearish
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