Midday update for GBP USD 28/08/2015
Economies.com
2015-08-28 11:12AM UTC
The GBPUSD pair trades with clear negativity to begin a process to break the critical support at 1.5405, which activates the negative scenario for the rest of the day, which its main targets begin by testing 1.5245 level.
Four hours close below the required broken support to reinforce the expectations of the waited decline, pointing that the trading above 1.5405 will stop the negative scenario and turns us to the neutrality again.
Expected trading range for today is between 1.5300 support and 1.5605 resistance.
Expected trend for today: Bearish for the rest of the day
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