GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday broke above 1.2330, topped at 1.2494. The bias remain bullish in nearest term testing 1.2600 area. Immediate support is seen around 1.2430. A clear break below that area could lead price to neutral zone in nearest term testing 1.2370. On the upside, a clear break and daily/weekly close above 1.2600 would expose 1.2790 next week as a part of the hammer formation (daily chart) bullish correction/reversal scenario.

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William K. Gilday is a professional Forex expert working full time for FX Instructor educational portal. William is a Forex Trader from 2006 when he started trading part-time. In 2008 he retired from a fantastic 27 year career in Fire Rescue and moved to Thailand, where he fully dedicated himself to trading. He is an analyst at FXinstructor.com

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