GBPUSD Forecast
The Gbpusd had a bearish momentum yesterday bottomed at 1.2276. The bias is bearish in nearest term testing 1.2200 – 1.2170 area as a part of the bearish scenario after broke below the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0320. A clear break above that area could lead price to neutral zone in nearest term testing 1.2375 area.
This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here
