GBP USD positively stable 27/11/2012

2012-11-27 05:38:36 GMT (Economies.com)
 

The pair was able to keep the stability above 1.6000, and its fluctuating in sideways range above the mentioned level in attempt to gather some positive momentum on the intraday basis.

 

In general, we depend on breaching the bearish correction channel resistance shown in the image to continue in our bullish trend expectation, and the targets begin at 1.6115, pointing that 1.5985 level must hold against any bearish attempt.

 

Expected trading range for today is between: 1.5986 support and 1.6200 resistance.

 

Expected trend for this week: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1931
0.0029
0.2424%
1.3917
0.0023
0.1673%
Tadawul
10919.68
6.62
0.06%
25.922
-0.067
0.256%
73.490
1.664
2.317%
75.56
0.32
0.43%
1773.960
-4.430
0.249%
 
 
Live Forex Updates