GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3074 after a false break above 1.3175 resistance area as you can see on my H4 chart below. This fact keeps the bearish phase since broke below the bullish channel alive and kicking. The bias is bearish in nearest term testing 1.3050 – 1.3000 region.  Immediate resistance is seen around 1.3140. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 1.3175 would invalidate the current bearish phase. My major technical outlook remains neutral.

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.