GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3210. The bias remains bullish in nearest term. As you can see on my H4 chart below price is testing the H4 EMA 200 located around 1.3215 which is a good place to sell with a tight stop loss. A clear break above that area could trigger further bullish pullback testing 1.3300 region but overall as long as stay below 1.3500 I remain bearish. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term testing 1.3100 region or lower.

gbpusdh4

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply