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| GBP/USD Daily Forecast
Wed, November 12 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 had a bullish momentum yesterday and now struggling around the hourly EMA 200 as you can see on my hourly chart below. The bias is bullish in nearest term especially if price able to make a clear break above the EMA 200 and 1.5930 testing 1.6000 region. Immediate support is seen around 1.5875. A clear break below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance targeting 1.5750. 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! | | | | | | | |