GBP USD is stable – Analysis - 22/10/2014
Economies.com
2014-10-22 05:24AM UTC
The GBPUSD pair keeps its stability above 1.6100 level, supporting the positive expectations on the intraday and short term basis, which its main targets begin at 1.6335.
Stochastic shows clear overbought signals, which explains the reasons for stopping the bullish wave now, waiting for gaining enough positive momentum to push the GBPUSD price to rise again, reminding you that the suggested bullish trend depends on the stability above 1.6000 level.
Expected trading range for today is between: 1.6050 support and 1.6335 resistance.
Expected trend for today: Bullish
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