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GBPUSD Daily Forecast: July 31

GBPUSD Daily Forecast: July 31
Wednesday, July 31st, 2013 @ 5:32 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 continued its bearish momentum yesterday and hit 1.5219 earlier today. The bias remains bearish in nearest term testing 1.5200 – 1.5100. Immediate resistance is seen around 1.5250. A clear break above that area could lead price to neutral zone in nearest term  testing 1.5300. The major bullish scenario remains intact but price is in a valid bearish correction phase. I prefer to stand aside for now.


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