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GBPUSD Daily Forecast: February 12

GBPUSD Daily Forecast: February 12
Tuesday, February 12th, 2013 @ 9:27 am by Setyo Wibowo

About Setyo Wibowo:

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.

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GBPUSD Forecast
The GBPUSD regained its bearish momentum yesterday and hit 1.5572 earlier today. The bias remains bearish in nearest term testing 1.5550/00 as a part of the false breakout bearish scenario. Immediate resistance is seen around 1.5650/70.  A clear break above that area could lead price to neutral zone in nearest term testing 1.5730/50 but overall I still prefer a bearish scenario.

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