Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

GBPUSD Daily Forecast: June 14

Wednesday, June 13, 2018 21:09
% of readers think this story is Fact. Add your two cents.

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but as long as stay inside the bearish channel as you can see on my H1 chart below, I still prefer a bearish scenario at this phase. Immediate resistance is seen around 1.3400 located around the upper line of the bearish channel which is a good place to sell with a tight stop loss. Immediate support is seen around 1.3350. A clear break below that area could trigger further bearish pressure testing 1.3300 region. On the upside, a clear break and consistent movement above 1.3400 would invalidate the bearish bias testing 1.3480 – 1.3500 region.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question Razz Sad Evil Exclaim Smile Redface Biggrin Surprised Eek Confused Cool LOL Mad Twisted Rolleyes Wink Idea Arrow Neutral Cry Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.