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GBPUSD Daily Forecast: November 21

Sunday, November 20, 2016 20:03
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GBPUSD Forecast
The GBPUSD had a bearish momentum last week and now struggling around 1.2330 key support as you can see on my H4 chart below, which is a good place to buy with a tight stop loss. The bias is bearish in nearest term especially if price able to make a clear break below 1.2330 testing 1.2220 area. Immediate resistance is seen around 1.2380. A clear break above that area could lead price to neutral zone in nearest term testing 1.2430 or higher.

gbpusdh4

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