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GBPUSD Daily Forecast: November 16

GBPUSD Forecast
The Gbpusd was indecisive yesterday. Price attempted to push lower bottomed at 1.2379 but closed higher at 1.2453. The bias is neutral in nearest term but overall as long as stay above 1.2330 price is still in a bullish phase as a part of the hammer formation bullish scenario (daily chart). Immediate resistance is seen around 1.2515. A clear break above that area could trigger further bullish pressure testing 1.2600 region.

gbpusdh4



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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GBPUSD Daily Forecast: November 16

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