GBPUSD Daily Forecast: June 27 - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

By swibowo | June 27, 2012 4:21 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD had a bullish momentum yesterday and now seems ready to test 1.5650 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 1.5650 testing 1.5720/50 area and lead my medium bias back to a bullish view again, challenging the daily EMA 200 key resistance area located around 1.5800 region. Immediate support is seen around 1.5590. A clear break below that area could lead price to neutral zone in nearest term testing 1.5537/00 support area but key support is seen around 1.5450/00.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV



E-Newsletters

We value your privacy. Your email address will not be shared.