GBPUSD Forecast:

The GBPUSD continued its bullish momentum on Friday, able to consistently move above 1.5000 area indicating potential upside outlook testing 1.5100 – 1.5200 before targeting 1.5400 – 1.5500 area this week. A movement back below 1.5000 could lead us into neutral zone in nearest term testing 1.4900/50 area but overall the bullish correction scenario remains strong.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.