GBP USD builds minor base 23/11/2012

2012-11-23 05:37:59 GMT (Economies.com)
 

The pair showed a sideways trading range yesterday that limited between the bearish channel resistance at 1.6020 and EMA50 which acting as support now at 1.5920, while we still prefer continuing in neutrality specially after achieving some bullish moves which we are waiting to touch the mentioned resistance.

 

We remind you that breaching above this resistance will ease the way to confirm stopping the current bearish correction, while breaching below 1.5900 will open the way for more bearish correction.

 

Expected trading range for today is between: 1.5800 support and 1.6100 resistance.

 

Expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.2063
0.0010
0.0817%
1.3897
0.0003
0.0205%
Tadawul
10228.35
-26.53
0.26%
27.330
0.811
3.058%
64.824
0.914
1.430%
68.16
-0.80
1.16%
1814.675
25.090
1.402%
 
 
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