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GBPUSD Daily Forecast: April 30

GBPUSD Daily Forecast: April 30
Monday, April 30th, 2012 @ 7:02 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 continued its bullish momentum last week and hit 1.6287 earlier today. The bias remains bullish in nearest term testing 1.6350 – 1.6470 area. Immediate support is seen around 1.6250. A clear break below that area could lead price to neutral zone in nearest term testing 1.6200 – 1.6150 but overall I remain bullish on this pair and still prefer to buy on dips.

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