The GBPUSD was volatile but indecisive yesterday. The bias is neutral in nearest term. Price still struggling around 1.6000 area and there are no changes in my daily technical outlook. We are still in consolidation phase and still within a major bullish outlook but would need a clear break above 1.6057 to continue the bullish scenario and re-activate my bullish mode targeting 1.6180 – 1.6300 this week. Immediate support remains around 1.5900 followed by 1.5780. Beside above 1.6057, I’m still interested in buying around 1.5780.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.