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GBPUSD Daily Forecast: February 13

GBPUSD Daily Forecast: February 13
Tuesday, February 13th, 2018 @ 6:31 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 didn’t make significant movement yesterday. The bias remains bearish in nearest term testing 1.3750 region as a part of the bearish correction scenario after fell from 1.4275 key resistance area. Immediate resistance remains around 1.3900. A clear break above that area could lead price to neutral zone in nearest term testing 1.3978 region. On the downside, a clear break and daily close below 1.3750 could trigger further bearish correction testing 1.3600 and the trend line support as you can see on my daily chart below. Overall I remain bullish but need a clear break above 1.4275 to resume the major bullish trend.

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