GBPUSD Daily Forecast: October 19
GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.3015 after broke below the “neckline” of the H&S formation as you can see on my H4 chart below. The bias remains bearish in nearest term testing 1.3000 region which is a good place to buy as that area is the nearest technical target for the H&S formation with a tight stop loss as a clear break and consistent movement below 1.3000 would expose 1.2925 area.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-october-19-8
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