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GBPUSD Daily Forecast: November 14

GBPUSD Daily Forecast: November 14
Monday, November 13th, 2017 @ 11:29 pm 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 attempted to push lower yesterday bottomed at 1.3061 but closed a little bit higher at 1.3114 after bounced-off the trend line support as you can see on my daily chart below. The bias is neutral in nearest term but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen  as a good opportunity to buy. Immediate resistance is seen around 1.3150. A clear break above that area could trigger further bullish pressure testing 1.3200/25 area but key resistance remains at 1.3330 which need to be clearly broken to the upside to resume the major bullish scenario.


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