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| GBP/USD Daily Forecast
Mon, August 11 2014 | Dear Fellow Trader,
Setyo Wibowo 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. Enjoy!
| The GBPUSD attempted to push higher last week topped at 1.6887 but whipsawed to the downside closed at 1.6772. The bias remains bearish in nearest term testing 1.6735 or lower. Immediate resistance is seen around 1.6810. A clear break above that area could lead price to neutral zone in nearest term testing 1.6850 - 1.6890 but overall I still prefer a bearish scenario at this phase. Please click here to see the chart. |
| | 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! | | | | | | | |