The GBPUSD was indecisive on Friday, made a Doji on daily chart. The bias remains neutral in nearest term and the bullish continuation scenario still need a clear break above 1.6300 targeting 1.6500 – 1.6700. Immediate support at 1.6220. A clear break below that area would change the intraday bias to bearish testing 1.6150/80 even would open the door for further bearish pullback testing 1.6100 – 1.6030 region.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.