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GBPUSD Daily Forecast: September 05
Wednesday, September 5, 2012 5:01
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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias is neutral in nearest term. As you can see on my h4 chart below, we have a double top formation around 1.5910 which needs to be clearly broken to the upside to continue the bullish scenario testing 1.6000. On the other hand, a failure to break above 1.5910 and movement below 1.5780 will give further confirmation to the double top bearish scenario testing 1.5700 or lower.
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2012-09-05 04:59:24
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-september-05-2
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