GBPUSD Daily Forecast: September 06

By swibowo
05 September 2010 @ 11:45 pm EDT

GBPUSD Forecast:

The GBPUSD had a bullish momentum on Friday after break above the triangle as you can see on my h4 chart below. This fact could trigger further upside correction testing the trend line resistance and 1.5525 – 1.5575 region in nearest term. Immediate support at 1.5420. Break below that area could trigger further bearish pressure testing 1.5350 area and keep the major bearish scenario remains strong.

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