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Technical Analysis for GBPUSD Daily Forecast: February 25 |
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Written by Administrator
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Thursday, 25 February 2010 |
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GBPUSD Forecast:
The GBPUSD was indecisive yesterday. The nearest bias is neutral but
the main scenario remains bearish as price still move convincingly
inside the bearish channel at least testing 1.5347 before targeting
1.5250 area. Immediate resistance at 1.5450/70 area. Break above that
area could trigger further bullish correction testing the upper line of
the bearish channel. I still prefer a bearish scenario with sell on
rallies strategy at this phase.
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