GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday broke below 1.2790 key support, bottomed at 1.2718. The bias is bearish in nearest term testing 1.2600 before targeting 1.2500. Immediate resistance is seen around 1.2790. A clear break and daily close back above that area could lead price to neutral zone in nearest term testing 1.2860 area but overall I remain bearish.

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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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