Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

GBPUSD Daily Forecast: January 11

% of readers think this story is Fact. Add your two cents.

GBPUSD Forecast
The GBPUSD failed to continued its bullish momentum yesterday. The bias is neutral in nearest term but overall price is still in a bullish correction phase triggered by the bullish pin bar as you can see on my daily chart below. Immediate resistance is seen around 1.2800. A clear break above that area would target 1.2875 region. Immediate support is seen around 1.2700. A clear break and daily/weekly close below that area would interrupt the bullish phase but only a break below 1.2400 would invalidate the bullish pin bar scenario and resume the major bearish trend.

gbpusddaily



Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-january-11-8
Report abuse
Prodovite
Prodovite
Prodovite
Prodovite
Prodovite
Prodovite
Prodovite
Prodovite
Prodovite
Prodovite

Comments

Your Comments
Question Razz Sad Evil Exclaim Smile Redface Biggrin Surprised Eek Confused Cool LOL Mad Twisted Rolleyes Wink Idea Arrow Neutral Cry Mr. Green

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.