Midday update for GBP USD 25/11/2015
Economies.com
2015-11-25 11:22AM UTC
The GBPUSD pair shows bearish bias and attempts to break 1.5085 level, where it closed the last four hours close below it, which supports the continuation of the decline for the rest of the day, opening the way towards targeting 1.4885 level as a next main station.
The EMA50 keeps pushing on the intraday and short term trading to support the waited decline, which will remain valid conditioned by holding below 1.5245 and 1.5290 levels.
Expected trading range for today is between 1.5000 support and 1.5200 resistance.
Expected trend for today: Bearish
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