GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains bullish in nearest term testing 1.2400/50 region. Immediate support remains around 1.2250. A clear break below that area could lead price to neutral zone in nearest term testing 1.2200 or lower but as long as stay above 1.2000 key support the hammer formation bullish correction/reversal scenario should remain valid.

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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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