Midday update for GBP USD 02/05/2013
Economies.com
2013-05-02 10:55AM UTC
The pair shows some slight positive bias since morning affected by the positive signal that provides by Stochastic, while we are continuing in preferring some bearish bias before resuming the main bullish trend inside the bullish channel that appears in the image.
We remind you that breaching 1.5590 will stop the downside scenario.
Expected trading range for today is between: 1.5365 support and 1.5670 resistance.
Expected trend for today: Bearish
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