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GBPUSD Daily Forecast: February 09

Premium Market Reports by FXTechStrategy

GBPUSD Daily Forecast: February 09
Tuesday, February 9th, 2010 @ 2:28 am by Setyo Wibowo

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

GBPUSD Forecast:
The GBPUSD also made indecisive movement yesterday indicating consolidation after significant bearish momentum. No significant movement so far. The bias is neutral in nearest term but still in the bearish scenario. Immediate resistance remains at 1.5650 – 1.5707 area. Break above that area should trigger further bullish correction testing 1.5800. Initial support at 1.5550 – 1.5500 area. Break below that area should trigger further bearish scenario towards 1.5250 area this week.

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