The GBPUSD attempted to push higher yesterday, topped at 1.6271 but close a little bit lower at 1.6213. The intraday bias likely to remains bullish testing 1.6300 key resistance area but note that we need a clear break above 1.6300 to continue the bullish scenario and reactivate my bullish mode targeting 1.6500 – 1.6700. Immediate support at 1.6180. A clear break below that area would change the intraday bias to bearish testing 1.6100 and keep price in a range market between 1.6300 – 1.5950 a little bit longer.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.