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GBPUSD Daily Forecast: January 09

Sunday, January 8, 2017 22:03
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GBPUSD Forecast
The GBPUSD had another indecisive movement last week. Price attempted to push higher topped at 1.2431 but whipsawed to the downside and closed lower at 1.2282 and hit 1.2246 earlier today in Asian session. The bias is bearish in nearest term retesting 1.2200 key support. A clear break and daily close below that area would expose 1.2080/00 this week. Immediate resistance is seen around 1.2315. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.



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