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Filed under: Market Analysis | 11/26/09 01:09am UTC
swibowo

GBPUSD Daily Forecast: November 26

GBPUSD Forecast:
The GBPUSD had a significant bullish momentum yesterday, break above my key resistance 1.6692, topped at 1.6744 and closed at 1.6698. This fact should be seen as bearish scenario failure and potential bullish scenario targeting 1.6842 area. CCI in overbought area and heading down on h4 chart so watch out for potential minor downside pullback testing immediate support at 1.6670 area. Break below that area should lead us into no trading zone testing 1.6600 area and direction would become unclear for me.

gbpusd4hchart

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