Midday update for GBP USD 13/05/2013

Economies.com
2013-05-13 10:45AM UTC

The pair fluctuates in tight range since morning and retested the previously broken bullish channel’s support, keeping its stability below this support, which makes us continue in our expected bearish trend expectations for today, which remains valid conditioned by the stability below 1.5385 and 1.5485

 

Expected trading range for today is between: 1.5190 support and 1.5485 resistance.

 

Expected trend for today: Bearish

 

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