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

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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

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