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GBPUSD Daily Forecast: May 06
Sunday, May 5, 2013 22:08
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GBPUSD Forecast
The GBPUSD had a bullish momentum last week but still unable to make a clear break above 1.5600 (daily EMA 200) so far. The bias is bullish in nearest term. A clear break and daily close above 1.5600 could trigger further bullish pressure testing 1.5650 or higher. Immediate support is seen around 1.5550. A clear break below that area could lead price to neutral zone in nearest term testing 1.5500 – 1.5480 support area.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-may-06-3
