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GBPUSD Daily Forecast: February 11

GBPUSD Daily Forecast: February 11
Monday, February 11th, 2019 @ 4:17 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 bearish momentum last week bottomed at 1.2853. The bias is neutral in nearest term probably with a little bearish bias testing 1.2850 – 1.2800 region as a part of the false breakout bearish scenario as you can see on my daily chart below. Immediate resistance is seen around 1.3000 which remains a good place to sell with a tight stop loss as a clear break back above that area would give the bullish scenario another chance.


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