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GBPUSD Daily Forecast: October 01
Monday, October 1, 2012 14:00
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GBPUSD Forecast
The GBPUSD had a bearish momentum last week and slipped below the trend line and 1.6150 key intraday support. This fact activates my short term bearish mode testing 1.6000 area but medium term outlook is unclear. Immediate resistance is seen around 1.6200. A clear break above that area could lead price to neutral zone in nearest term. On the upside, we need a clear break at least above 1.6300 to keep the bullish outlook remains strong testing 1.6400 or higher.
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2012-10-01 13:49:30
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-october-01-3
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