GBP USD reaches the main target 15/05/2013
Economies.com
2013-05-15 05:31AM UTC
The pair’s decline stopped near the main waited target at 1.5190, where it is fluctuating now around 1.5200
Stochastic provides positive signals that might cause an intraday bullish curve allows the price to retest 1.5410, while breaking below 1.5190 will confirm opening the way towards more downside moves on the short term basis.
Thus, we prefer staying aside temporarily in order to monitor the price behavior according to 1.5190
Expected trading range for today is between: 1.5070 support and 1.5360 resistance.
Expected trend for today: Neutral
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