GBPUSD Daily Forecast: March 22
GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3004 but closed significantly higher at 1.3114. As long as stay below 1.3365 price is still in a bearish correction phase but need a break below 1.3000 key support to resume the bearish move. The bias is neutral in nearest term probably with a little bearish bias retesting 1.3000 support area which is a good place to buy with a tight stop loss as a clear break back below 1.3000 would invalidate the bullish outlook. Immediate resistance is seen around 1.3210. A clear break and daily close above that area would retest 1.3365 key resistance area.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-march-22-7
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