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  1. DAILY FORECAST FOR GBPUSD

    by
    FX-Forecaster.com
    , 08-19-2012 at 08:59 PM (The Daily Forecaster)
    [B]BIAS[/B]: Odds seem to favour a sideways consolidation but could be messy but I retain a basic bearish outlook

    [B]Resistance[/B]:... 1.5704... 1.5728... 1.5744... 1.5767-77
    [B]Support[/B]:........ 1.5674... 1.5653... 1.5636... 1.5595-17

    [B]MAIN ANALYSIS[/B]: Losses developed as preferred but the move has been rather messy and has a certain ambiguity about it but more in terms of whether we see a pullback higher, a deeper dip but then correction… or just a plain correction higher. Thus, it's a day to be aware of all possibilities but overall I don't see this extending strongly in either direction. I don't see the 1.5636 swing low being broken just yet. In the meantime this could see a drift back ...
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