The Gbpusd had a bearish momentum last week bottomed at 1.2228. The bias is bearish in nearest term testing 1.2200 – 1.2170 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 1.0370 – 1.0400 region.
This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here