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GBPUSD Daily Forecast: May 03
Thursday, May 2, 2013 22:48
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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday broke below the bullish channel as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.5480 – 1.5425 area. Immediate resistance is seen around 1.5540. A clear break above that area could lead price to neutral zone in nearest term testing 1.5570 – 1.5600 which needs to be clearly broken to the upside to continue the bullish phase. Fundamental focus today is on the US NFP number.
2013-05-02 22:46:08
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-may-03-3
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