Midday update for GBP USD 18/12/2014
Economies.com
2014-12-18 11:14AM UTC
The GBPUSD pair shows some bullish bias to move above 1.5600, while the EMA50 and stochastic keeps providing negative signals on the daily time frame, which encourages us to keep preferring the bearish trend for today, targeting 1.5540 then1.5370 levels mainly, while achieving them requires holding below 1.5720.
Expected trading range for today is between: 1.5440 support and 1.5700 resistance.
Expected trend for today: Bearish
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