Midday update for GBP USD 27/11/2014
Economies.com
2014-11-27 12:08PM UTC
The GBPUSD pair is affected by stochastic negativity to show some bearish bias approaching from retesting 1.5720 level, and as long as the price is above this level, the chances will remain valid to witness positive trading that targets testing 1.5870 areas.
It’s important to note that breaking 1.5720 level will turn the price back to the overall bearish trend again, which its next targets reach 1.5375.
Expected trading range for today is between: 1.5700 support and 1.5870 resistance.
Expected trend for today: Bullish
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