International Business Times

By swibowo | February 12, 2013 02:49 GMT

GBPUSD Daily Forecast: February 12

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GBPUSD Daily Forecast: February 12

Fx Instructor

GBPUSD Forecast

The GBPUSD regained its bearish momentum yesterday and hit 1.5572 earlier today. The bias remains bearish in nearest term testing 1.5550/00 as a part of the false breakout bearish scenario. Immediate resistance is seen around 1.5650/70.  A clear break above that area could lead price to neutral zone in nearest term testing 1.5730/50 but overall I still prefer a bearish scenario.

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