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GBPUSD Daily Forecast: April 07

Thursday, April 6, 2017 18:17
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(Before It's News)

GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term and price is still moving inside the triangle formation as you can see on my H1 chart below. Overall price is still in a bullish phase but needs a clear break above the triangle and 1.2500/25 area to continue the bullish run retesting 1.2615. On the downside, the lower line of the triangle located around 1.2425 and 1.2375 are key supports at this phase. Fundamental focus today will be on the US NFP. Overall I remain neutral.



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