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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday and hit 1.6140 earlier today. The bias remains bullish in nearest term testing 1.6150 – 1.6200 before testing 1.6300. Immediate support is seen around 1.6100 – 1.6080. A clear break below that area could lead price to neutral zone in nearest term testing 1.6050/00 support area. Potential medium term range is seen between 1.6300 – 1.6000.
2012-10-17 07:24:17
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-october-17-2