GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.5335 after broke above the range area. The bias is bullish in nearest term testing 1.5350. From another technical perspective as you can see on my H1 chart below, price is moving inside a bullish channel. Buying around the lower line of the bullish channel targeting the upper line of the bullish channel is an ideal plan. Or, if you also trade a counter-trend, selling around the upper line of the bullish channel targeting the lower line of the bullish channel seems to be a good idea too. Immediate support is seen around 1.5250. A clear break below that area could lead price to neutral zone in nearest term testing the lower line of the bullish channel and 1.5200 – 1.5180 region. On the upside, a clear break and daily/weekly close above 1.5350 could trigger further bullish pressure testing 1.5500 next week.

gbpusdh1

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