GBPUSD Forecast
The GBPUSD attempted to push higher last week topped at 1.3279 but whipsawed to the downside and closed lower at 1.3132. As you can see on my H1 chart below, price is now struggling around the H1 EMA 200 support which has been tested 2 times since August 17th. The bias is bearish in nearest term testing 1.3050 – 1.3000 area. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 or higher. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.

gbpusdh1

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.