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GBPUSD Daily Forecast: January 12
Sunday, January 11, 2015 21:09
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GBPUSD Forecast
The GBPUSD continued its bearish momentum last week bottomed at 1.5033 but closed higher at 1.5154 and hit 1.5192 earlier today. The bias is bullish in nearest term testing 1.5275 but overall I still prefer a bearish scenario at this phase and any upside correction now should be seen as a good opportunity to sell. Immediate support is seen around 1.5115. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong testing 1.5000.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-january-12-4
