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GBPUSD Daily Forecast: March 03
Monday, March 2, 2015 20:09
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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.5350 after broke below the bullish channel as you can see on my hourly chart below. The bias remains bearish in nearest term testing 1.5330 – 1.5300. A clear break and daily close below that area could trigger further bearish pressure testing 1.5210 region. Immediate resistance is seen around 1.5415. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-march-03-4
