GBP USD needs some correction 30/04/2013
Economies.com
2013-04-30 05:39AM UTC
The pair found good resistance at the bullish channel resistance which appears in the image, to be trading now below 1.5485, as a signal that the price will achieve some temporary downside moves before attempting to resume the bullish trend.
Therefore, the bearish trend will be expected on the intraday basis, and the targets are represented by hitting 1.5375 and might extend towards 1.5255, pointing that breaching above 1.5565 will cancel the necessity of the suggested decline.
Expected trading range for today is between: 1.5255 support and 1.5670 resistance.
Expected trend for today: Bearish
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