GBPUSD Forecast
The GBPUSD continued its bearish momentum last week as expected, bottomed at 1.3294. The bias remains bearish in nearest term testing 1.3220 – 1.3150 support area. Immediate resistance is seen around 1.3365. A clear break above that area could lead price to neutral zone in nearest term testing 1.3420 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.3220 – 1.3150 region would expose 1.3000 psychological level this week.

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.