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GBPUSD Daily Forecast: November 01

Monday, October 31, 2016 19:33
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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2249. The bias is bullish in nearest term testing 1.2300/50 area. Immediate support is seen around 1.2190. A clear break below that area could lead price to neutral zone in nearest term testing 1.2150 or lower. Overall I remain bearish but as long as stay above 1.2000 key support the hammer formation bullish correction/reversal scenario should remain valid.

gbpusddaily

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