Fundamentally ranging

Sterling is in ranging zone since all Traders are waiting cautiously the effect of EU dept rescue and the appointment of new Prime Minister of UK.

My sentiment is still to the bearish side since the chart make higher low on 11 May compare to 10 May.

GU Daily Analysis

Pair: GU
TF: 1h

Yesterday High: 1.5202
Yesterday Low: 1.4782
Open Price: 1.4970
Pivot: 1.4985

Fast Trend: Bearish
Medium Trend: Bearish
Major Trend: Bearish
Market Sentiment: Bearish