The GBPUSD continued its bullish momentum yesterday, slipped above 1.5750 and now struggling around that area. The bias is bullish in nearest term testing 1.5915 and probably could open the door for testing 1.6000 level. Immediate support is seen around 1.5725. A clear break below that area could lead price to neutral zone in nearest term testing 1.5680 but we need at least a movement back below 1.5600 to stop the current bullish intraday outlook which started after the false breakdown below 1.5330.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.