Update: Sterling breaks the channel’s support
Economies.com
2015-05-22 19:58PM UTC
The GBPUSD pair traded with clear negativity to break the bullish channel’s support line and approach from ending today’s trading and also this week below it, which turns the intraday and short term trend to the downside, and the price might head towards 1.5000 areas as a next main station.
The EMA50 is putting a negative pressure that supports the continuation of the bearish bias in the upcoming period.
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