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GBPUSD Daily Forecast: February 19

GBPUSD Daily Forecast: February 19
Tuesday, February 19th, 2013 @ 5:59 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 indecisive yesterday but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5400 or lower. Immediate resistance remains around 1.5550. A clear break above that area could lead price to neutral zone in nearest term testing 1.5600 but overall I still prefer a bearish outlook as a part of the false breakout bearish scenario.

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