GBP USD is stable – Analysis - 24/11/2014
Economies.com
2014-11-24 06:19AM UTC
The GBPUSD pair keeps its stability below 1.5720, which represents the most important factor to keep our bearish overview valid, as we are waiting to target 1.5375 areas mainly.
Stochastic loses its bullish momentum gradually, which supports the continuation of the suggested negative scenario, which gets continuous support from the EMA50, reminding you that breaching 1.5720 will push the price to retest the previously broken neckline of the head and shoulders’ pattern at 1.5875 before any new attempt to decline.
Expected trading range for today is between: 1.5550 support and 1.5790 resistance.
Expected trend for today: Bearish
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