GBP USD within sideways range – Analysis - 22/12/2014
Economies.com
2014-12-22 06:24AM UTC
The GBPUSD pair moves within sideways range that appears on chart, while it keeps its stability below 1.5720 level, which keeps the negative pressure valid on the intraday and short term basis, as we are waiting to target the next main correctional level at 1.5370.
Therefore, the bearish trend expectations will remain valid and active, supported by the EMA50, reminding you that breaching 1.5720 might push the price to retest 1.5870 level before turning back to decline again.
Expected trading range for today is between: 1.5500 support and 1.5720 resistance.
Expected trend for today: Bearish
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