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GBPUSD Daily Forecast: March 03

Thursday, March 2, 2017 20:24
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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.2200. Immediate resistance is seen around 1.2300. A clear break above that area could lead price to neutral zone in nearest term testing 1.2340 area which is a good place to sell with a tight stop loss. Overall I remain neutral.



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  • Ahmed

    GU is really pushing for down side, it will be interesting to see how it goes, so we need to make sure we enter when the trend is understood correctly. I love doing long term trades especially thanks to OctaFX broker with their swap free account, it’s very helpful and I never have to worry much about paying overnight charges. I can really work nicely and is something that brings serious rewards for me and enables me to perform nicely.

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