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GBPUSD Daily Forecast: June 11

GBPUSD Daily Forecast: June 11
Friday, June 11th, 2010 @ 1:47 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 had a significant bullish momentum after violated the bearish channel yesterday. The bias is bullish in nearest term testing 1.4769 area. Consistent move above that area could trigger further bullish momentum testing 1.4850 before testing 1.5000 region. However note that overall the main scenario remains bearish both in medium and long term point of view. Immediate support at 1.4640/50 region. Break below that area could trigger further bearish pressure testing 1.4550 region.

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