GBP USD stops at the first target 12/11/2012

Economies.com
2012-11-12 06:08AM UTC

The pair bearishness was stopped at the first waited target 1.5900, finding a good base there, supported by stochastic.

 

Some bullish bias is probable now to retest 1.5995, pointing that the bearish correctional bias will remain valid for the upcoming days unless 1.5995 was breached then 1.6065, and this will stop the bearish correction and turns the price back to the general bullish trend again.

 

Expected trading range for this week is between: 1.5600 support and 1.6100 resistance.

 

Expected trend for this week: Bearish

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