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GBPUSD Daily Forecast: July 17

GBPUSD Daily Forecast: July 17
Monday, July 17th, 2017 @ 2:43 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 had a significant bullish momentum last week, broke above 1.3050 key resistance, topped at 1.3113. This fact activates my bullish mode. The bias is bullish in nearest term testing 1.3200 area. Immediate support is seen around 1.3070/50 region. A clear break below that area could lead price to neutral zone in nearest term testing 1.3000 region. On the upside, a clear break and daily close above 1.3200 would expose 1.3350 area.

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