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GBPUSD Daily Forecast: August 25

GBPUSD Forecast
The Gbpusd was indecisive yesterday but overall still able to maintain its intraday bullish bias, topped at 1.3272. Price slipped above H4 EMA 200 as you can see on my H4 chart below suggests a bullish condition. The bias remains bullish in nearest term testing 1.3300 – 1.3370 but as long as stay below 1.3500 my major technical outlook remains bearish. Immediate support is seen around 1.3215. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 area.

gbpusdh4



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: August 25

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