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GBPUSD Daily Forecast: May 13
Sunday, May 12, 2013 21:24
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GBPUSD Forecast
The GBPUSD had a bearish momentum last week after failed to break above 1.5600 key resistance area bottomed at 1.5313. The bias is bearish in nearest term testing 1.5250. Immediate resistance is seen around 1.5365. A clear break above that area could lead price to neutral zone in nearest term testing 1.5425 but any upside pullback now is normal and as long as stays below 1.5600 I still prefer a bearish scenario at this phase.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-may-13-4
