GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. The bullish outlook should remain valid with key support seen around 1.2780 which remains a good place to buy with a tight stop loss as a clear break below that area would expose 1.2700 – 1.2670 or lower. Immediate resistance is seen around 1.2850 but only a clear break at least above 1.2900 would interrupt the bearish correction phase after broke below the trend line support as you can see on my H1 chart below.

gbpusdh1

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.