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GBPUSD Daily Forecast: March 24

Thursday, March 23, 2017 17:41
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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2531. Price is still moving confidently inside the bullish channel and above the EMA 200 as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.2570 – 1.2600 region. Immediate support is seen around 1.2475. A clear break below that area could lead price to neutral zone in nearest term testing 1.2420 but only a clear break back below the EMA 200 (1.2380) would interrupt the current bullish phase. Overall I remain neutral.



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