GBPUSD Daily Forecast: April 21
GBPUSD Forecast
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2847 but closed a little bit lower at 1.2810. The bias is neutral in nearest term. The double bottom bullish scenario should remain valid but we still need a consistent and convincing movement above the daily EMA 200 (1.2780). Immediate support remains around 1.2750. A clear break and daily/weekly close below that area would expose 1.2650 or lower next week. On the upside, a clear break and daily/weekly close above 1.2850 – 1.2900 would give us further confirmation of the double bottom bullish scenario with nearest target seen around 1.3000 – 1.3050.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-april-21-5
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