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GBPUSD Daily Forecast: June 30

GBPUSD Daily Forecast: June 30
Tuesday, June 30th, 2009 @ 12:30 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 Daily Forecast

The GBPUSD had a moderate bullish momentum on yesterday. On h4 chart below we have minor bullish channel indicating potential further upside pressure re-testing 1.6660 key resistance level. Below that area, the medium term outlook remains neutral and expect trading range between 1.6660 – 1.6188. Immediate support is seen at 1.6505 – 1.6450 area. CCI about to cross the 100 line down on h4 chart suggesting potential downside consolidation.

gbpusd4hchart

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