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GBPUSD Daily Forecast: January 30

GBPUSD Daily Forecast: January 30
Wednesday, January 30th, 2019 @ 4:04 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 corrected lower yesterday bottomed at 1.3056. The bias is bearish in nearest term but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.3130. A clear break above that area could lead price to neutral zone in nearest term testing 1.3175 – 1.3200 before testing 1.3300 area. On the downside, a clear break and consistent movement back below 1.3000 would be a serious threat to the bullish outlook and activate my “wait and see” mode.


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