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GBPUSD Daily Forecast: January 25

GBPUSD Daily Forecast: January 25
Friday, January 25th, 2013 @ 10:30 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 had a bearish momentum yesterday and hit 1.5744 earlier today. The bias remains bearish in nearest term testing 1.5700 before testing 1.5600. Immediate resistance is seen around 1.5800/20. A clear break back above that area could lead price to neutral zone in nearest term but only a clear break at least above 1.5900 could interrupt the bearish bias after the false breakout.

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