GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.4864 as a part of the false breakout above the trend line resistance as you can see on my H1 chart below. The bias is bearish in nearest term testing 1.4800 region. Immediate resistance is seen around 1.4950. A clear break above that area could lead price to neutral zone in nearest term testing 1.5000 but as long as stays below the trend line resistance I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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.