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GBPUSD Daily Forecast: March 16

GBPUSD Forecast
The Gbpusd had a bullish momentum yesterday topped at 1.2308 after another failure to make a clear break below 1.2135 Key Support as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to make a clear break above 1.2300 testing  1.2400. Immediate support is seen around 1.2225. A clear break below that area could lead price to neutral zone in nearest term testing 1.2175 but key support remains at 1.2135. Overall I remain neutral.

gbpusddaily



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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GBPUSD Daily Forecast: March 16

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