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GBPUSD






2/3/2015 1:37:55 AM

GBPUSD - Technical Analysis: Tuesday, 03/02/2015 06:37 GMT



The price is confined inside a rectangle pattern in the past days, this pattern reinforces the expectations to continue the main bearish trend inside the main descending channel.

The exponential moving average 50 supports more bearish bias in the upcoming periods, and stochastic loses its positive momentum to reinforce the suggested decline.

The next targets extend to reach 1.4660.


Target
Risk


Support
Resistance


Trend Bearish

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