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GBPUSD Daily Forecast: January 06

Thursday, January 5, 2017 18:46
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(Before It's News)

GBPUSD Forecast
The GBPUSD attempted to push lower yesterday, bottomed at 1.2270 but whipsawed to the upside and topped at 1.2432. The bias remains bullish in nearest term testing 1.2500 – 1.2550 area and the trend line resistance as you can see on my H1 chart below. Immediate support is seen around 1.2360. A clear break below that area could lead price to neutral zone in nearest term testing 1.2300 region.

gbpusdh1



Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-january-06-7

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