GBPUSD Daily Forecast: January 24
GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday, closed above the D1 EMA 200 and 1.3000 key resistance (now support) as you can see on my daily chart below after the appearance of two bullish pin bars. This fact is a serious threat to the major bearish trend and could be an early phase of a major bullish trend. The bias remains bullish in nearest term testing 1.3175 region. Immediate support is seen around 1.3000. A clear break and daily close back below that area would create a false breakout scenario which keep the major bearish trend alive and kicking.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-january-24-7
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