GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3475. The bias is bullish in nearest term testing 1.3600 – 1.3650 area. Immediate support is seen around 1.3360 followed by 1.3300. Overall I still prefer a bearish scenario but price is clearly in a strong bullish correction since Theresa May becomes UK Prime Minister, which technically signaled by the hammer formation as you can see on my daily chart below.

gbpusddaily

FX Instructor Forex Blog – For Traders, By Traders

About The Post

About The Forex Analyst

William K. Gilday is a professional Forex expert working full time for FX Instructor educational portal. William is a Forex Trader from 2006 when he started trading part-time. In 2008 he retired from a fantastic 27 year career in Fire Rescue and moved to Thailand, where he fully dedicated himself to trading. He is an analyst at FXinstructor.com

Uploaded by

  • 1
  • 409
  • 0

More from this author

View all posts

Leave a Reply

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