GBP USD waiting for positive motive 12/04/2013
Economies.com
2013-04-12 05:06AM UTC
The pair’s bullish rally stopped near 1.5400 trading below it now, effected by stochastic negativity, and we expect more sideways fluctuations for a while until getting positive momentum to support resuming the bullish trend.
In general, the bullish trend will be preferred within the current upside channel, and the next targets near 1.5500, noting that breaking 1.5335 will open the way to retest 1.5190 level.
Expected trading range for today is between: 1.5280 support and 1.5550 resistance.
Expected trend for today: Bullish
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