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GBPUSD Daily Forecast: November 14

Sunday, November 13, 2016 19:24
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GBPUSD Forecast
The GBPUSD continued its bullish momentum last week topped at 1.2673 but closed lower at 1.2598 and hit 1.2533 earlier today. The bias is neutral in nearest term but as long as stay above 1.2330 price is still in a bullish phase as a part of the hammer formation bullish scenario (daily chart) targeting 1.2790 region. Immediate support is seen around 1.2500 followed by 1.2450. Immediate resistance is seen around 1.2600 followed by 1.2650.

gbpusdh4

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