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GBPUSD Daily Forecast: October 11

GBPUSD Daily Forecast: October 11
Thursday, October 11th, 2018 @ 4:24 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 bullish momentum yesterday topped at 1.3215 and hit 1.3244 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3300 key resistance area. Immediate support is seen around 1.3175. A clear break below that area could lead price to neutral zone in nearest term testing 1.3135 support area which need to hold to keep the strong bullish bias intact. Note that 1.3300 area is the technical target of the falling wedge formation so selling around that level is not a bad idea.


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