Midday update for GBP USD 18/01/2013

Economies.com
2013-01-18 11:32AM UTC

The pair accomplished a breaking to 1.5950 confirming our preferred bearish trend expectations for today, pointing that a daily close below this level will reinforce the chances for heading towards 1.5820 as a next main target.

 

We remind you that breaching above 1.6035 will turn the price back to the bullish trend again and stops the current bearish correction.

 

Expected trading range for today is between: 1.5820 support and 1.6055 resistance.

 

Expected trend for today: Bearish, as long as 1.6035 remained intact

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