Visitors Now:
Total Visits:
Total Stories:
Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

GBPUSD Daily Forecast: November 03

Wednesday, November 2, 2016 20:54
% of readers think this story is Fact. Add your two cents.

(Before It's News)

GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2354 but closed lower at 1.2302. The bias remains bullish in nearest term especially if price able to make a clear break and consistent movement above 1.2330/50 targeting 1.2450 area. Immediate support is seen around 1.2270. A clear break below that area could lead price to neutral zone in nearest term testing 1.2220/00 area. Overall I remain bearish but as long as stay above 1.2000 key support, the hammer formation bullish correction/reversal scenario (daily chart) should remain valid.

gbpusdh1

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.