GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Price is still in a short-term bullish phase after bounced off the double bottom formation (1.2780) but still unable to make a clear break above 1.2900 key resistance and the H1 EMA 200 as you can see on my H1 chart below. Immediate support is seen around 1.2830. A clear break below that area could trigger further bearish pressure retesting 1.2780 which remains a good place to buy with a tight stop loss. On the upside, a clear break above 1.2900 would expose 1.3000 – 1.3050 region. Fundamental focus today will be on the US NFP release.

gbpusdh1

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