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GBPUSD Daily Forecast: April 29

GBPUSD Daily Forecast: April 29
Tuesday, April 29th, 2014 @ 3:56 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. Price attempted to push higher, topped at 1.6856 but closed lower at 1.6807. The bias remains neutral in nearest term. Important intraday range to be closely watched remains between 1.6750 – 1.6850. A clear break below 1.6750 could trigger further bearish pressure testing 1.6700 or lower. On the other hand, a clear break above 1.6850 could trigger further bullish pressure testing 1.6900 or higher. Overall I still prefer a bullish scenario at this phase.


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