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GBPUSD Daily Forecast: March 16

Share It:: 03/15/2010 08:05

GBPUSD Forecast:
The GBPUSD failed to continue its bullish momentum yesterday, bottomed at 1.5019 and closed at 1.5049. This fact should keep the major bearish scenario intact especially if price break below 1.5000 � 1.4950 today targeting 1.4873 even 1.4779 area. Immediate resistance at 1.5120. Break above that area should trigger further upside momentum testing 1.5200/50 area and re-testing the upper line of the bearish channel.

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History

03/15/2010	USDJPY Daily Forecast: March 16
03/15/2010	USDCHF Daily Forecast: March 16
03/15/2010	EUR/USD Daily Review 15 March 10
03/14/2010	EURUSD Daily Forecast: March 15
03/14/2010	Daily Forecast for Crosses: March 15

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