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GBPUSD Daily Forecast: October 24

Sunday, October 23, 2016 21:45
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GBPUSD Forecast
The GBPUSD was indecisive last week. The bias is neutral in nearest term. Immediate support is seen around 1.2170 followed by 1.2135. Immediate resistance is seen around 1.2240. A clear break above that area could trigger further bullish pressure testing 1.2300/30 area. Overall I remain bearish, but as long as stay above 1.2000 the hammer formation bullish correction/reversal scenario should remain valid.

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