GBPUSD Forecast
The GBPUSD had a bearish momentum last week following another false breakout above 1.4275 key resistance area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.3960. A clear break and daily close below that area could trigger further bearish scenario testing 1.3710 key support this week. Immediate resistance is seen around 1.4050. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.4100 area I still prefer a bearish short-term bias at this phase.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.