The GBPUSD regained its bullish momentum on Friday, topped at 1.5894. The bias is bullish in nearest term testing 1.5900 before testing 1.6000. Immediate support is seen around 1.5850. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.5780 my overall intraday bias remains to the upside as a part of the bullish scenario after break above the range area.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.