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GBPUSD Daily Forecast: August 28
Tuesday, August 28, 2012 12:51
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GBPUSD Forecast
The GBPUSD slipped below 1.5780 support area earlier today. The bias remains neutral in nearest term but this fact is a threat to the bullish outlook. A consistent move below 1.5780 will interrupt the bullish outlook and turn my intraday bias to a bearish view testing 1.5700 or lower with a potential false breakout scenario. On the upside, we need a clear break back at least above 1.5820 to keep the bullish outlook remains strong testing 1.5900 or higher.
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2012-08-28 12:31:54
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-august-28-2
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