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GBPUSD Daily Forecast: November 28

Sunday, November 27, 2016 20:04
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GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum last week after unable to make a clear break below 1.2330 key support, topped at 1.2512. The bias remains neutral in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.2515. A clear break above that area could trigger further bullish pressure testing 1.2550/80 area or higher. Immediate support is seen around 1.2450 followed by 1.2400.

gbpusdh4

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  • I will be looking at NFP to see where things head next and then we even need to be wise with Hike rate decision because it’s all serious stuff and one bad movement will cause huge issues, so need to be very wise. I always like long term trades which is helpful with OctaFX broker using their swap free account which allows enables me to trade smoothly and never have to worry about overnight charges while there is also daily market updates available!

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