GBP USD breaks the support – Analysis - 31/03/2015
Economies.com
2015-03-31 04:58AM UTC
The GBPUSD pair managed to break 1.4813 level and closed the daily candlestick below it, to get a good negative motive that supports the continuation of the suggested bearish trend in our last reports, which depends mainly on the organized trading within the bearish channel that appears in the image, and the price stability below 1.5000 level.
Therefore, we wait for targeting 1.4645 then 1.4460 levels as initial main targets in the upcoming period, pointing that the EMA50 provides good support for the suggested bearish wave.
Expected trading range for today is between: 1.4645 support and 1.4920 resistance.
Expected trend for today: Bearish
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