GBP USD near the psychological barrier – Analysis - 30/11/2015
Economies.com
2015-11-30 05:51AM UTC
The GBPUSD pair trades with a bearish bias approaching from 1.5000 level, waiting for surpassing this barrier to confirm the continuation of the bearish wave towards our next main target at 1.4885, which represents 76.4% Fibonacci correction level for the bullish wave that measured from 1.4564 to 1.5928.
In general, we keep preferring the bearish trend on the intraday and short term basis if the price settled below 1.5315, where breaching this level will turn the price the main bullish track and stops the current bearish correction.
Expected trading range for today is between 1.4885 support and 1.5130 resistance.
Expected trend for today: Bearish
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