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GBPUSD Daily Forecast: February 28

GBPUSD Daily Forecast: February 28
Thursday, February 28th, 2013 @ 8:14 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 had another indecisive movement yesterday. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.5070 – 1.5220. We need a clear break from that range area to see clearer direction. Overall I still prefer a bearish scenario with sell on rallies strategy.

gbpusdweeklychart

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