GBP USD is settled 09/01/2013
Economies.com
2013-01-09 04:42AM UTC
The pair keeps it’s stability below the previously broken channel, and EMA50 keeps pushing negatively on the intraday trading, which encourages us to continue with the preferred intraday bearish trend, noting that we need to monitor the price behavior when reaching the psychological level at 1.6000 due to it’s importance to determine the short term trend.
Breaching above 1.6140 will bring the price back to the bullish trend.
Expected trading range for today is between: 1.5900 support and 1.6200 resistance.
Expected trend for today: Bearish
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