GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.4012 but whipsawed to the upside, closed at 1.4202 and hit 1.4293 earlier today. The bias is bullish in nearest term testing 1.4350. A clear break and daily/weekly close above that area could trigger further bullish pressure retesting 1.4700 next week. Immediate support is seen around 1.4200. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.

gbpusddaily

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.