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GBPUSD Daily Forecast: February 27

Sunday, February 26, 2017 19:10
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GBPUSD Forecast
The GBPUSD was indecisive last week. Price attempted to push higher, topped at 1.2569 but closed lower at 1.2457. The bias is bearish in nearest term testing 1.2340 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2470. A clear break above that area could lead price to neutral zone in nearest term testing 1.2520 region. Overall I remain neutral.



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  • Ahmed

    I personally feel that we could buy here, as the trend is definitely for bulls ahead, but just needs to keep the timing sharp. I don’t worry much because with OctaFX broker, I get great help that comes with their low spreads from 0.1 pips to over 70 instruments, quick execution and then there is even 50% bonus on deposit scheme, it all works fairly well and brings serious rewards for me. But, it’s not just that it is even with their 50% cash back policy that works out accurately.

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