GBP USD negotiates the key levels – Analysis - 17/09/2014
Economies.com
2014-09-17 05:05AM UTC
The GBPUSD showed mixed trading yesterday to test the key levels represented by 1.6165 support and 1.6280 resistance, and as we mentioned in our previous reports, the price needs to breach one of them to detect the next trend, thus, we will continue neutral until we get the clearer confirmation signal.
We remind you that breaking the mentioned support will push the price to head towards 1.5845 mainly, while breaching the resistance will motivate the price to target 1.6520 areas initially.
Expected trading range for today is between: 1.6100 support and 1.6360 resistance.
Expected trend for today: Neutral
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