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GBPUSD Daily Forecast: September 05

GBPUSD Forecast
The Gbpusd had a bullish momentum last week topped at 1.3352. The bias remains bullish in nearest term testing 1.3370 area which is a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.3500 region. Immediate support is seen around 1.3250. A clear break below that area could lead price to neutral zone in nearest term testing 1.3200 – 1.3175 area.  As long as stay below 1.3500 my major technical outlook remains bearish.

gbpusdh1



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: September 05

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