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GBPUSD Daily Forecast: March 22

Tuesday, March 21, 2017 19:49
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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2494. The bias is bullish in nearest term testing 1.2570 region as a part of the bullish scenario after bounced from the triple bottom formation at 1.2135/08 as you can see on my daily chart below. Immediate support is seen around 1.2440. A clear break below that area could lead price to neutral zone in nearest term testing 1.2390 region but as long as stay above 1.2300 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. Overall I remain neutral.



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