GBP USD finds solid support 29/01/2013
Economies.com
2013-01-29 05:44AM UTC
The pair’s decline stopped at 61.8% Fibonacci correction level for the bullish wave appears in the image at 1.5690, and attempts to curve higher to accomplish some gains which is supported by Stochastic positivity.
For today, we will depend on the mentioned factors to prefer the intraday bullish bias which is initially targeting testing 1.5820, being aware that breaking below 1.5690 will force the price to resume the bearish trend and might head towards 1.5520 as a next main station.
Expected trading range for today is between: 1.5600 support and 1.5820 resistance.
Expected trend for today: Bullish
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