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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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History

07/13/2012	USDJPY Daily Forecast: July 13
07/13/2012	USDCHF Daily Forecast: July 12
07/11/2012	EURUSD Daily Forecast: July 12
07/11/2012	Daily Forecast for Crosses: July 12
07/11/2012	GBPUSD Daily Forecast: July 12

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