GBPUSD Forecast
The GBPUSD had a strong bearish momentum yesterday bottomed at 1.5204. The bias is bearish in nearest term but 1.5200 area seems to be a potential good support and place to buy with a tight stop loss. A clear break below 1.5200 could trigger further bearish pressure testing 1.5100 region. Immediate resistance is seen around 1.5265. A clear break above that area could lead price to neutral zone in nearest term testing 1.5300.  Fundamental focus today will be on the US NFP number. My major technical outlook remains neutral.


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.