GBPUSD Daily Forecast: March 20

(Before It's News)

GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.2404 after failed to make a clear break below 1.2135 key support (triple bottom) as you can see on my daily chart below. The bias is bullish in nearest term testing 1.2450. A clear break and daily close above that area would expose 1.2570 region. Immediate support is seen around 1.2350. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 1.2300 could be a serious threat to the current short-term bullish bias. Overall I remain neutral.

• USDJPY Daily Forecast: March 20
• USDCHF Daily Forecast: March 20
• Pound to Euro and Dollar rates boosted by Carney intervention
• When should I buy euros? (Dayle Littlejohn)
• What will happen to Pound Euro rates once Article 50 has been triggered? (Tom Holian)
• What is the impact of Article 50 on Sterling exchange rates (Tom Holian)
• Article 50 – May has her finger on the trigger (Daniel Johnson)
• Sterling climbs again but will the triggering of Article 50 create another sell-off in the Pound’s value? (Joseph Wright)
• Sterling Makes Gains as Markets Prepare for Brexit (Matthew Vassallo)
• GBPJPY 60 Minute Chart Analysis March 17th, 2017