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GBPUSD Daily Forecast: March 20

Sunday, March 19, 2017 19:45
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(Before It's News)

GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.2404 after failed to make a clear break below 1.2135 key support (triple bottom) as you can see on my daily chart below. The bias is bullish in nearest term testing 1.2450. A clear break and daily close above that area would expose 1.2570 region. Immediate support is seen around 1.2350. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 1.2300 could be a serious threat to the current short-term bullish bias. Overall I remain neutral.

gbpusddaily



Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-march-20-5

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