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GBPUSD Daily Forecast: May 19

GBPUSD Daily Forecast: May 19
Monday, May 19th, 2014 @ 3:00 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 last week. The bias is neutral in nearest term. Immediate resistance is seen around 1.6850. A clear break above that area could trigger further bullish pressure testing 1.6900 or higher. Immediate support is seen around 1.6785. A clear break below that area could trigger further bearish pressure testing 1.6730/00.

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