Midday update for GBP USD 22/05/2015
Economies.com
2015-05-22 10:55AM UTC
The GBPUSD pair shows some slight bearish bias affected by stochastic negativity, noticing that the indicator is approaching from the oversold areas to support the chances of resuming the bullish trend again.
In general, we will keep our bullish overview for today as long as 1.5500 level remains intact, reminding you that our first main target is located at 1.6000.
Expected trading range for today is between 1.5600 support and 1.5800 resistance.
Expected trend for today: Bullish
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