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GBPUSD Daily Forecast: March 12

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03/11/2010 07:19

GBPUSD Forecast:
The GBPUSD had a bullish momentum yesterday, topped at 1.5065 and closed at 1.5058 after found support on major trendline support on Wednesday. This fact should keep the bullish correction scenario testing 1.5200/50 intact, but the main trend should remains bearish as long as price still move inside the major bearish channel. Immediate support at 1.5000 followed by 1.4950 area. Break below those area could trigger further bearish momentum testing 1.4873 even 1.4779 area.

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History

03/11/2010
USDJPY Daily Forecast: March 12
03/11/2010
USDCHF Daily Forecast: March 12
03/11/2010
EUR/USD Daily Review 11 March 10
03/10/2010
EURUSD Daily Forecast: March 11
03/10/2010
Daily Forecast for Crosses: March 11

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