Midday update for GBP USD 17/01/2013
Economies.com
2013-01-17 11:01AM UTC
The pair is retesting the previous broken support level which was turned into resistance at 1.6030, and affected by Stochastic positivity, where we still keeping our morning issued expectation valid as it is unless we witnessed a breach and stability above the mentioned level.
Expected trading range for today is between: 1.5850 support and 1.6110 resistance.
Expected trend for today: Bearish, as long as 1.6030 remained intact
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