GBP USD waits the confirmation 07/05/2013
Economies.com
2013-05-07 05:36AM UTC
The pair’s trading remains stuck between 50% Fibonacci which meets the EMA50 at 1.5485, and the bullish channel’s resistance at 1.5640, where we are waiting the confirmation of breaching above one of those mentioned levels to provide confirmation signals for the trend, and the suggested targets for these breaches are explained in our previous technical reports.
Stochastic gains positive momentum that might assist in making the intraday positive trading preferred.
Expected trading range for today is between: 1.5410 support and 1.5760 resistance.
Expected trend for today: Depends on the above mentioned levels
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