GBP USD returns to decline 10/05/2013
Economies.com
2013-05-10 05:42AM UTC
The pair declined again, to activate the intraday negative scenario that targets the near bullish channel’s support at 1.5365, pointing that Stochastic enters the oversold levels, which supports the chances of the upside rebound after hitting the mentioned level.
Now, the bearish bias will be preferred on the intraday basis, with monitoring the price behavior when reaching the waited target, where breaking below it will lead to more downside track towards 1.5190.
Expected trading range for today is between: 1.5290 support and 1.5600 resistance.
Expected trend for today: Bearish towards the suggested target
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