Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

GBPUSD Daily Forecast: May 08

GBPUSD Forecast
The Gbpusd attempted to push lower last week bottomed at 1.2830 but failed to make a sustainable break below the H1 EMA 200 as you can see on my H1 chart below and closed higher at 1.2978. This fact keeps the bullish outlook. The bias is bullish in nearest term testing 1.3000 – 1.3050 area. Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term testing 1.2900 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

gbpusdh1



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

Share the post

GBPUSD Daily Forecast: May 08

×

Subscribe to Fx Instructor Forex Blog - For Traders, By Traders

Get updates delivered right to your inbox!

Thank you for your subscription

×