FX.co ★ GBP/USD Bearish Outlook for March 15, 2012 (Daily Strategy)

The GBP/USD is trading with a downside motion and below the uptrend channel, though below the Weekly pivot. In the graph we can see a crossing of moving averages, the 50-EMA crosses the moving average peridos of 200 periods with downward direction.

We recommend selling around 1.5720 with a short-term goal to support next week around 1.5530. And the stop loss above the pivot point.

The Range indicator and Momentum is showing bearish divergence signals and neutral.