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GBPUSD Daily Forecast: March 01

Tuesday, February 28, 2017 20:18
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(Before It's News)

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2373. The bias is bearish in nearest term testing 1.2340 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2425. A clear break above that area could lead price to neutral zone in nearest term testing 1.2475 area. On the downside, a clear break and daily close below 1.2340 would expose 1.2250 region. Overall I remain neutral.

gbpusdh1



Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-march-01-6

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