GBPUSD Forecast
The GBPUSD failed to continued its bullish momentum yesterday, bottomed at 1.2865 (H1 EMA 200). The bias is bearish in nearest term especially if price able to make a clear break below 1.2865 testing 1.2780/50 key support which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2900. A clear break above that area could lead price to neutral zone in nearest term testing 1.2965 area. Fundamental focus will be on the US NF number tomorrow.


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.