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GBPUSD Daily Forecast: April 05
Tuesday, April 4, 2017 17:41
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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2419. As you can see on my H1 chart below price broke below the bullish channel and moved back below the H1 EMA 200 suggests a potential short-term bearish view. The bias remains bearish in nearest term testing 1.2375. A clear break and daily close below that area would expose 1.2300 or lower. Immediate resistance is seen around 1.2470. A clear break above that area could lead price to neutral zone in nearest term testing 1.2515 area. Fundamental focus this week will be on the FOMC meeting minutes and US NFP number which expected to be a catalyst to move the market.Overall I remain neutral.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-april-05-4
