GBP USD retests 29/11/2012
Economies.com
2012-11-29 05:45AM UTC
The pair retested the previous breached bearish correctional channel resistance and bounced to the upside in attempt to resume the bullish trend, where we still proposing the return to the positive bias which was stopped temporarily to make the bearish correction.
The waited targets begin at 1.6115 while achieving it requires stability above 1.5960
Expected trading range for today is between: 1.5960 support and 1.6200 resistance.
Expected trend for this week: Bullish
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