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GBPUSD Daily Forecast: March 09

Wednesday, March 8, 2017 18:25
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(Before It's News)

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2138. Price keeps making lower highs and lows since Monday as you can see on my daily chart below with key resistance is seen at 1.2300 region challenging 1.2000 key support. The bias is bearish in nearest term testing 1.2100 – 1.2080 region. Immediate resistance is seen around 1.2215. A clear break above that area could lead price to neutral zone in nearest term testing 1.2300 area. Overall I remain neutral.



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