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GBPUSD Daily Forecast: February 28

Monday, February 27, 2017 18:42
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(Before It's News)

GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2382 but closed higher at 1.2443. Price is still moving sideways inside a range area as you can see on my H1 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.2400. A clear break below that area could trigger further bearish pressure testing 1.2340 region which remains a good place to buy with a tight stop loss. Overall I remain neutral.

gbpusdh1



Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-february-28-5

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  • Ahmed

    I like reading this analysis day to day basic, it helps in working and we can gain good profits too, but this is not enough. We need knowledge and experience to apply it. This is why I have went with alternative way of Daily Pips Signal , as this is just perfect and even with people not having much clue about trading can use it due to the straight forwardness and absolutely button by button setting which only leads to gaining!

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