| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
GBPUSD Daily Forecast: March 17
Monday, March 16, 2015 20:34
% of readers think this story is Fact. Add your two cents.
GBPUSD Forecast
The GBPUSD was corrected higher yesterday topped at 1.4852. The bias is bullish in nearest term testing 1.4900 but overall I still prefer a bearish scenario at this phase and any upside pullback now should be seen as a good opportunity to sell. Immediate support is seen around 1.4785. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong testing 1.4700 area. On the upside, a clear break above 1.4900 would interrupt the bearish scenario and could trigger further bullish correction testing 1.5000 but overall I remain bearish.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-march-17-3
