GBPUSD Forecast
The GBPUSD had a bearish momentum last week after formed a triple top formation around 1.5505 area as you can see on my H4 chart below. The bias is bearish in nearest term testing 1.5250 area. A clear break and daily close below that area could trigger further bearish pressure challenging the lower line of the falling wedge formation. Immediate resistance is seen around 1.5350. A clear break above that area could lead price to neutral zone in nearest term testing 1.5400 or higher. 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.