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GBPUSD Daily Forecast: March 13

Sunday, March 12, 2017 18:24
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(Before It's News)

GBPUSD Forecast
The GBPUSD continued its bearish momentum last week bottomed at 1.2132. The bias is bearish in nearest term testing 1.2100 but from a broader perspective as you can see on my daily chart below 1.2100 – 1.2000 region is a key support  and good place to buy. Immediate resistance is seen around 1.2215. A clear break above that area could lead price to neutral zone in nearest term testing 1.2300 region. Overall I remain neutral.

gbpusddaily



Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-march-13-5

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  • Ahmed

    I think the sell mode is definitely the way to go, I can’t see anything else at all. I believe we can gain plenty if we simply follow this formula, at least for now. It can be great to gain from. I work with OctaFX broker and under them; I can really enjoy working and brings great rewards for me. I like it a lot to do with low spreads starting from 0.1 pips to high leverage up to 1.500 while there are many other benefits too, so all this works perfectly in my favor!

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