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GBPUSD Daily Forecast: February 04

GBPUSD Daily Forecast: February 04
Monday, February 4th, 2019 @ 3:25 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 corrected lower last week bottomed at 1.3043. The bias is neutral in nearest term but as long as stay above 1.3000 I remain bullish targeting 1.3300 region. Immediate resistance is seen around 1.3115. A clear break and daily close above that area could trigger further bullish pressure testing 1.3175 – 1.3200 region. Immediate support is seen around 1.3043. A clear break below that area could trigger further bearish pressure testing 1.3000 key support which is a good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish outlook.


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