GBPUSD Daily Forecast: March 18
GBPUSD Forecast
The GBPUSD had a bullish momentum last week as expected, slipped above 1.3365 resistance area but closed lower at 1.3290. Overall I remain bullish but the rejection above 1.3365 could trigger a bearish pullback and we need a clear break above 1.3365 to resume the bullish scenario targeting 1.3470 or higher. The bias is neutral in nearest term. Immediate support is seen around 1.3250. A clear break below that area could trigger further bearish pressure testing 1.3210 or lower. Fundamental focus this week will be on the FOMC statement on Wednesday/Thursday.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-march-18-6
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