GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.3010 but closed higher at 1.3068. The bias is neutral in nearest term. Overall price is still in a bearish phase but 1.3000 key support area remains a good place to buy. Immediate resistance is seen around 1.3100. A clear break above that area could trigger further bullish pressure testing the upper line of the bearish channel and 1.3200 region. On the downside, a clear break below 1.3000 would expose 1.2750 region.

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.