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GBPUSD Daily Forecast: July 13

07/13/2012  12:23

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday, bottomed at 1.5391 and closed at 1.5421. The bias remains bearish in nearest term testing 1.5270 key support area. Immediate resistance is seen around 1.5480. A clear break above that area could lead price to neutral zone in nearest term testing 1.5525/50 but overall I still prefer a bearish scenario at this phase.

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