| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
GBPUSD Daily Forecast: May 15
Tuesday, May 14, 2013 22:49
% of readers think this story is Fact. Add your two cents.
GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.5205. As you can see on my daily chart below price broke below the bullish channel suggests a bearish view. The bias remains bearish in nearest term testing 1.5150/35 area. Immediate resistance is seen around 1.5250. A clear break above that area could lead price to neutral zone in nearest term testing 1.5300 but any upside pullback now is normal and should be seen as a good opportunity to sell.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-may-15-2
