Midday update for GBP USD 26/05/2015
Economies.com
2015-05-26 10:38AM UTC
The GBPUSD pair achieved a break to the morning mentioned neckline at 1.5445, and closed the last four hours candlestick below it, which supports the continuation of our bearish trend expectations efficiently for today, which its targets begin at 1.5335 and extend to 1.5190 after breaking the previous level.
The EMA50 keeps supporting the suggested bearish wave, which its continuation requires holding below 1.5575 level.
Expected trading range for today is between 1.5335 support and 1.5540 resistance.
Expected trend for today: Bearish
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