GBPUSD Daily Forecast: February 28
GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2382 but closed higher at 1.2443. Price is still moving sideways inside a range area as you can see on my H1 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.2400. A clear break below that area could trigger further bearish pressure testing 1.2340 region which remains a good place to buy with a tight stop loss. Overall I remain neutral.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-february-28-5
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