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GBPUSD Daily Forecast: February 14

GBPUSD Daily Forecast: February 14
Thursday, February 14th, 2013 @ 9:14 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 regained its bearish momentum yesterday and slipped below 1.5500 earlier today. The bias is bearish in nearest term testing 1.5450/00. Immediate resistance is seen around 1.5550/70. A clear break back above that area could lead price to neutral zone in nearest term but as long as stays below 1.5700 I still prefer a bearish intraday outlook as a part of the false breakout bearish scenario.

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