GBPUSD Daily Forecast: January 24
24 Jan, 2013 @ 05:29 am BST | By swibowo
The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5780 – 1.5700, especially if price able to make a clear break below 1.5800 key intraday support. Immediate resistance remains around 1.5900. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.6000 I still prefer a bearish outlook as a part of the false breakout scenario.
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