GBPUSD Daily Forecast: May 26
GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.3013 but closed lower at 1.2940 and hit 1.2866 earlier today in Asian session. Price broke below the trend line support as you can see on my H1 chart below suggests a bearish correction phase targeting 1.2830 – 1.2780 key support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2925/50. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 – 1.3050 key resistance area.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-may-26-6
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