GBPUSD Daily Forecast: Feburary 11 - Forex
International Business Times
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By swibowo | February 11, 2013 9:49 PM EST

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GBPUSD Forecast

The GBPUSD continued its bullish momentum on Friday slipped above 1.5800 but whipsawed to the downside earlier today hit 1.5702. The bias is bearish in nearest term testing 1.5650/00. Immediate resistance is seen around 1.5750. A clear break above that area could lead price to neutral zone in nearest term testing 1.5800 or higher. Overall I still prefer a bearish outlook as a part of the false breakout bearish scenario.

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