GBPUSD Daily Forecast: July 09 - Forex
International Business Times
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By swibowo | July 9, 2012 3:21 PM EST

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GBPUSD Forecast

The GBPUSD continued its bearish momentum on Friday, bottomed at 1.5459 and closed at 1.5481. The bias remains bearish in nearest term still testing 1.5400 or lower after the failure to test the daily EMA 200 resistance area. Immediate resistance is seen around 1.5550. A clear break above that area could interrupt the current bearish intraday outlook and lead price to neutral zone in nearest term testing 1.5600/50.

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