GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3193 and now struggling around 1.3175 region. The bias is bullish in nearest term especially if price able to stay consistently above 1.3175 retesting the daily EMA 200 and 1.3300 region. Immediate support is seen around 1.3140. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish phase (since broke below the bullish channel) alive and kicking testing 1.3100 or lower. Overall I remain 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.