GBP/USD Morning Technical Report 22/7/2014
ecPulse
2014-07-22 07:50AM UTC
The pair is trading slightly to the downside accompanied by the negativity of MACD Indicator. But AROON is showing weakness in the downside move strength due to failing to achieve daily closing below 1.7080 represented in 127.2% correction.
Levels 1.7080 represent an intraday interval for today and trading below it favors further bearishness. Linear Regression Indicator 34 resides at 1.7150 and is trading negatively forcing us to think that trading below 1.7150 keeps the bearish possibility valid in the upcoming period.
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