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GBPUSD Daily Forecast: March 29

Tuesday, March 28, 2017 18:17
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(Before It's News)

GBPUSD Forecast
The GBPUSD had a strong bearish momentum yesterday bottomed at 1.2441 and hit 1.2375 earlier today in Asian session. As you can see on my H1 chart below, price broke below the bullish channel and H1 EMA 200 suggests a bearish view. The bias is bearish in nearest term testing 1.2300 area. Immediate resistance is seen around 1.2450. A clear break back above that area could lead price to neutral zone in nearest term testing 1.2500/30 region. Overall I remain neutral.



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