GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push lower, slipped below 1.5180 but still unable to stay consistently below that area so far. The bias is neutral in nearest term. As you can see on my H1 chart below, price is moving sideways between 1.5180 – 1.5265. We need a clear break from that range area to see clearer direction. A clear break and daily close below 1.5180 could trigger further bearish pressure testing 1.5100 or lower. On the other hand, a clear break and daily close above 1.5265 could trigger further bullish pressure testing 1.5350 area or higher. All eyes will be on the FOMC Meeting Minutes which is expected to be a market catalyst.

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.