GBPUSD Forecast: Steady below 1.3000, targeting lower supports
GBPUSD Forecast: Steady below 1.3000, targeting lower supports
The GBPUSD continued its bearish momentum yesterday on broad US dollar strength bottomed at 1.2888 as the pair become stable below 1.3000 key/psychological support (now resistance). The bias remains bearish in nearest term testing 1.2800 – 1.2780 region (September 2018 and February 2019 low). Immediate resistance is seen around 1.2960. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region which is a good place to sell with a tight stop loss as a clear break back above 1.3000 would interrupt the bearish outlook. Overall I remain neutral on this pair.
Source: https://fxinstructor.com/blog/gbpusd-forecast-steady-below-1-3000-targeting-lower-supports
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