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GBPUSD Daily Forecast: January 09

GBPUSD Daily Forecast: January 09
Wednesday, January 9th, 2019 @ 5:08 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 failed to continue its bullish momentum yesterday bottomed at 1.2706. The bias is neutral in nearest term but the bullish pin bar scenario remains valid. Immediate support is seen around 1.2700. A clear break below that area could trigger further bearish pressure testing 1.2650/15 region. Immediate resistance is seen around 1.2797 (yesterday’s high). A clear break and daily close above that area would expose 1.2875 area.


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