Written by Bahagian Pentadbiran in
| GBP/USD Daily Forecast
Tue,April 19, 2011 | Dear Fellow Trader,
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. | | The GBPUSD attempted to push lower yesterday, bottomed at 1.6164 but closed higher at 1.6263. The bias is neutral in nearest term but as long as price moves inside the bearish channel the overall intraday bias should remain to the downside. Immediate resistance at 1.6320 followed by 1.6400. On the downside, another move below 1.6220 could trigger further downside pressure testing 1.6090. Please click here to see how I applied my technical studies to this pair on the 4 hour chart a few minutes ago. |
| I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog. Happy Trading! | | | Analyst Profile Living in East Java, Indonesia and holding an International Relations degree, Setyo Wibowo began his forex trading career in 2000 as a market analyst, while learning to trade forex independently on his own. to learn more about Setyo Wibowo. |
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