Midday update for GBP USD 19/09/2014
Economies.com
2014-09-19 11:12AM UTC
The GBPUSD pair’s trading bounced lower after hitting 1.6500 barrier, to test the critical support at 1.6360, and the price needs to settle above this level to keep the positive trading valid for today.
Therefore, we will keep the morning suggested scenario valid as it is for the rest of the day, being aware that stochastic current negativity might cause some bearish bias in the upcoming session.
Expected trading range for today is between: 1.6365 support and 1.6675 resistance.
Expected trend for today: Bullish
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