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GBPUSD Daily Forecast: October 27
Monday, October 26, 2015 19:02
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GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.5380. Price is still in a bearish phase after formed a triple top formation around 1.5505 but found a good support around a trend line support and 1.5300 as you can see on my H4 chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.5420 area. On the downside, a clear break below the trend line support and 1.5300 area could trigger further bearish pressure testing 1.5250 – 1.5200 region. My major technical outlook remains neutral.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-october-27-5
