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GBPUSD Daily Forecast: February 14

Tuesday, February 13, 2018 22:25
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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3923. The bias is neutral in nearest term probably with a little bullish bias testing 1.3978 resistance area. Immediate support is seen around 1.3850. A clear break and daily close back below that area could trigger further bearish pressure testing 1.3750 area which need to be clearly broken to the downside to give further confirmation to the bearish pin bar scenario testing 1.3600 and the trend line support as you can see on my daily chart below. On the upside, a clear break and daily close above 1.3978 would retest 1.4066 area. Overall I remain bullish but need a clear break above 1.4275 to resume the major bullish trend.


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