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GBPUSD Daily Forecast: February 23
Wednesday, February 22, 2017 19:35
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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. As you can see on my H1 chart below price has been moving sideways without clear direction suggests a consolidation phase. Immediate support is seen around 1.2400. A clear break below that area could trigger further bearish pressure testing 1.2340 area. Immediate resistance is seen around 1.2500. A clear break and daily close above that area could trigger further bullish pressure testing 1.2580 area. Overall I remain neutral.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-february-23-6
