GBPUSD Forecast
The Gbpusd had a moderate bearish momentum yesterday bottomed at 1.2224. The bias is bearish in nearest term testing 1.2150 region. Immediate resistance is seen around 1.2275. A clear break above that area could lead price to neutral zone in nearest term testing 1.2340 resistance area which remains a good place to sell with a tight stop loss. Overall I remain neutral.
This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here
