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GBPUSD Daily Forecast: November 16

Tuesday, November 15, 2016 18:17
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GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.2379 but closed higher at 1.2453. The bias is neutral in nearest term but overall as long as stay above 1.2330 price is still in a bullish phase as a part of the hammer formation bullish scenario (daily chart). Immediate resistance is seen around 1.2515. A clear break above that area could trigger further bullish pressure testing 1.2600 region.

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  • Currently, I feel GBP/USD is one of the best pairs for scalpers like me, I mean; it’s really hard to put hands into others with such high movement in the road. I am really careful with how I go about doing things and due to OctaFX broker, I am finding it ever easy with low spreads, zero balance protection, swap free account and plenty on those lines, so all this is what makes it all very much like able and brings plenty of profits.

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