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GBPUSD Daily Forecast: February 27

GBPUSD Daily Forecast: February 27
Wednesday, February 27th, 2013 @ 7:54 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. Price attempted to push lower earlier today hit 1.5079. The bias is bearish in nearest term testing 1.5050/00. Immediate resistance is seen around 1.5150. A clear break back above that area could lead price to neutral zone in nearest term testing 1.5220 but overall I still prefer a bearish scenario at this phase with sell on rallies strategy.


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