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GBPUSD Daily Forecast: September 23

Thursday, September 22, 2016 20:10
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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3120 but closed lower at 1.3074. The bias is neutral in nearest term probably with a little bearish bias testing 1.3000 – 1.2950 region. Immediate resistance is seen around 1.3100. A clear break above that area could trigger further bullish pressure testing 1.3150/80 region. Overall, as long as stay below 1.3500 I remain bearish.


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  • Finally we saw GBP/USD shifting inside the 1.30 barrier and it’s likely that we will see the pair go even further; I believe it can be good trade for long term. I always operate with swap free account with OctaFX broker, so that makes it easier for doing long term trading without having to worry about paying overnight charges, so I could continue with the trade if I feel it’s likely to benefit me while even if it doesn’t go my way, I am at least not in worry of swap.

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