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GBPUSD Daily Forecast: March 06
Monday, March 6, 2017 5:18
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GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.2214 but closed a little bit higher at 1.2290. The bias is neutral in nearest term probably with a little bullish bias testing 1.2340 resistance area which is a good place to sell with a tight stop loss. Immediate support is seen around 1.2250. A clear break below that area could trigger further bearish pressure testing 1.2200 or lower. Overall I remain neutral.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-march-06-4
