GBPUSD Daily Forecast: April 24
GBPUSD Forecast
The GBPUSD fell to a fresh 7-week low at 1.2928 yesterday after takes out 1.3000 key support area as you can see on my daily chart below, which invalidates the major bullish outlook. The bias is bearish in nearest term testing 1.2900. A clear break and daily close below that area would target 1.2800 support area which is a good place to buy. Immediate resistance is seen around 1.3000. A clear break and daily close back above that area could create a false breakout situation which would give the bullish scenario another chance. My major technical outlook is neutral for now with a bearish short-term bias.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-april-24-7
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