GBP USD approaches the waited target 15/11/2012
Economies.com
2012-11-15 05:49AM UTC
The pair resumed the negative trading yesterday approaching from the first waited target at 1.5800, as we mentioned in our previous reports, this level is considered as the major key to definite the trend on the short term.
Therefore, we expect witnessing more negative trading, reminding you to be careful when reaching the aforementioned mentioned level, on the other hand, breaching above 1.5900 will be a signal for the intraday trend reverse.
Expected trading range for today is between: 1.5700 support and 1.6000 resistance.
Expected trend for today: Bearish
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