GBP USD is settled 02/05/2013
Economies.com
2013-05-02 05:58AM UTC
The pair keeps the stability below the bullish channel’s resistance after attempts to breach above it, which makes us keep our intraday bearish bias expectations, where we are waiting for testing 1.5485 – 1.5440 and might extend towards 1.5290 in case breaking below the recent levels.
Breaching above 1.5590 and holding above it will push the price to rise without the need to the expected decline.
Expected trading range for today is between: 1.5365 support and 1.5670 resistance.
Expected trend for today: Bearish
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