Written by Bahagian Pentadbiran in
| GBP/USD Daily Forecast
Fri,April 22, 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 continued its bullish momentum yesterday, topped at 1.6598 but closed lower at 1.6518. The bias is neutral in nearest term but still within a context of a strong bullish scenario after the break above the bullish flag and range area as you can see on my h4 chart below at least testing 1.6700 area. On the downside, immediate support at 1.6470. A clear break below that area would change the intraday bias to bearish but only a movement back below 1.6400 support area can be a threat to the current bullish technical outlook. Today some markets are closed on Good Friday. 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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