GBPUSD Daily Forecast: October 24 - Forex
International Business Times
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By swibowo | October 24, 2012 6:21 PM EST

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GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday, bottomed at 1.5912. The bias is bearish in nearest term testing 1.5870/50 major support area (daily EMA 200). Immediate resistance is seen around 1.6000. A clear break above that area could lead price to neutral zone in nearest term testing 1.6050. On the downside, a clear break below 1.5870/50 could trigger further bearish scenario testing 1.5780 region.

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