GBP USD tests the first support 03/05/2013
Economies.com
2013-05-03 05:49AM UTC
The pair approaches from the first waited support at 1.5485, and fluctuates in tight range now, while our intraday bearish bias expectations continue depending on the trading inside the channel that appears in the above image.
Our waited targets surpass 1.5485 reaching towards 1.5300, but we must be aware always that breaching above the mentioned channel’s resistance will push the price to resume the main bullish track.
Expected trading range for today is between: 1.5365 support and 1.5670 resistance.
Expected trend for today: Bearish
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