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GBPUSD Daily Forecast: March 02
Sunday, March 1, 2015 21:49
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GBPUSD Forecast
The GBPUSD was indecisive last week but slipped below the bullish channel and the EMA 200 as you can see on my hourly chart below, suggests a potential threat to the bullish scenario. The bias is bearish in nearest term testing 1.5330. Immediate resistance is seen around 1.5450. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear but would give the bullish scenario another chance.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-march-02-3
