GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. The bias remains bearish in nearest term testing 1.3205 key support. Immediate resistance is seen around 1.3300. A clear break above that area could lead price to neutral zone in nearest term testing 1.3350 area located around the upper line of the bearish channel as you can see on my H1 chart below which is a good place to sell with a tight stop loss as a clear break above the bearish channel would invalidate the bearish phase. On the downside, a clear break and daily close below 1.3205 would expose 1.3100 – 1.3000 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.