GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.2900 area. Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term testing 1.3100 region. On the downside, a clear break and daily close below 1.2900 would expose 1.2790 area. Fundamental focus will be on the FOMC statement. As long as stay below 1.3500 I remain bearish.

gbpusdh4

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.