GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2768 but whipsawed to the upside and closed higher at 1.2890. The key support at 1.2780 has been proven once again as a good place to buy, but price is still unable to make a clear break back above the H1 EMA 200 and 1.2900 key resistance so far. The bias is bullish in nearest term especially if price able to make a clear break above 1.2900 testing 1.3000 – 1.3050 region. Immediate support is seen around 1.2850. A clear break below that area could lead price to neutral zone in nearest term retesting 1.2780 key support.

gbpusdh1

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply