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GBPUSD Daily Forecast: July 30

GBPUSD Daily Forecast: July 30
Tuesday, July 30th, 2013 @ 7:22 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 and hit 1.5314 earlier today. The bias is bearish in nearest term but as long as stays above 1.5300 the bullish phase should remain valid. A clear break and daily close below 1.5300 could trigger further bearish pressure testing 1.5250/00 area. Immediate resistance is seen around 1.5360. A clear break above that area could lead price to neutral zone in nearest term retesting 1.5400/33 which needs to be clearly broken to the upside to continue the bullish scenario testing 1.5480 (daily EMA 200)


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