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GBPUSD Daily Forecast: August 11

GBPUSD Daily Forecast: August 11
Friday, August 11th, 2017 @ 2:40 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias and hit a fresh two-week low at 1.2951. The bias remains bearish in nearest term testing 1.2930 – 1.2865 region. Immediate resistance is seen around 1.3015. A clear break above that area could lead price to neutral zone in nearest term testing 1.3050 but key resistance remains at 1.3125 region which need to be clearly broken to the upside to reactivate my bullish mode.

gbpusddaily

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