GBP USD tests the main support 15/01/2013
Economies.com
2013-01-15 05:23AM UTC
The pair broken the EMA50 level to test the main support line at 1.6020, accompanied with stochastic touching the oversold levels, and as long as price is settled above the mentioned level, we will suggest intraday bullish action to retest 1.6180 level.
Note that breaching above 1.6180 will the open the way for more intraday and short term incline, while breaking below 1.6020 will cause a turn with the trend into the downside.
Expected trading range for today is between: 1.5995 support and 1.6215 resistance.
Expected trend for today: Bullish
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