GBPUSD Daily Forecast: October 17
GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3236 but closed lower at 1.3183 and hit 1.3168 earlier today in Asian session. The bias is neutral in nearest term. From another technical perspective as you can see on my H4 chart below, we have a potential H&S bearish scenario which will be validated by a clear break below the neck line (1.3125) targeting 1.3040/00 region. Immediate resistance is seen around 1.3236. A clear break above that area would expose 1.3300 key resistance which remains a good place to sell.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-october-17-7
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