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GBPUSD Daily Forecast: February 06

GBPUSD Daily Forecast: February 06
Wednesday, February 6th, 2019 @ 4:28 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 had a significant bearish momentum yesterday, fell below 1.3000 key support area as you can see on my daily chart below. This fact creates a false breakout bearish scenario and invalidate the bullish scenario. The bias is bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.3000. A clear break and daily close back above that area could lead price to neutral zone in nearest term but would keep the bullish scenario alive and kicking.


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