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GBPUSD Daily Forecast: October 12
Friday, October 12, 2012 2:50
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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday, topped at 1.6053. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase as a part of the false trend line breakout (bearish scenario) testing 1.5900 – 1.5800 region. Immediate resistance is seen around 1.6070 – 1.6100. A clear break above that area could trigger further bullish pressure and keep price in a sideways condition between 1.6000 – 1.6300.
2012-10-12 02:25:42
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-october-12-4
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