GBPUSD – Technical Analysis on the Daily Time Frame (27th August 2013)

Hi traders! GBPUSD - On the daily TF, we have an inverted hammer candlestick. That usually is a bullish signal. Bulls will try to push this pair up today but if we close with a doji today, then sideways market might ensue. Stochastics doesn't look too good either at this point for bulls. It's pointing