GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.5626 but closed lower at 1.5586 and hit 1.5555 earlier today. The bias is bullish in nearest term retesting 1.5626. A clear break above that area could trigger further bullish pressure testing 1.5700 region. Immediate support is seen around 1.5530. A clear break below that area could lead price to neutral zone in nearest term testing 1.5480 area but as long as stays above the H1 EMA 200 the overall short term bias should remain to the upside. My major technical outlook remains neutral.

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.