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GBPUSD Daily Forecast: October 04
Thursday, October 4, 2012 3:01
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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The market seems to wait for further development ahead of ECB rate decision/press conference and FOMC meeting. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall remains in a bearish intraday outlook testing 1.6000 area. My medium outlook remains neutral with potential range seen between 1.6000 – 1.6300. Immediate resistance remains around 1.6200. 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.
2012-10-04 02:50:21
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-october-04-3
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