GBP USD continues to fluctuate 24/01/2013
Economies.com
2013-01-24 05:45AM UTC
The pair traded in sideways range yesterday, and didn’t provide a clearer signal for the next trend until now, where we mentioned yesterday that breaking below 1.5820 will motivate the price for more bearish correction, but the continuous steadiness of this level might form a signal for a potential stopping of the bearish correction at this level.
Therefore, we prefer staying in our neutral attitude until breaking the aforementioned level or breaching 1.5950 and followed by the return of the general bullish trend.
Expected trading range for today is between: 1.5690 support and 1.5950 resistance.
Expected trend for today: Neutral
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