GBPUSD Daily Forecast: November 15

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By swibowo | November 15, 2012 7:21 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday bottomed at 1.5837. The bias is bearish in nearest term testing 1.5800 – 1.5750 area. Immediate resistance is seen around 1.5870. A clear break above that area could lead price to neutral zone in nearest term testing 1.5900/30 but overall I still prefer a bearish scenario at this phase as a part of the false trend line breakout bearish scenario as you can see on my daily chart below.

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