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GBPUSD Daily Forecast: March 23

Wednesday, March 22, 2017 18:41
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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish bias so far. As you can see on my H1 chart below price is moving inside a bullish channel and above the EMA 200 suggests a valid bullish outlook. The bias remains bullish in nearest term testing 1.2570 region. Immediate support is seen around 1.2420. A clear break below that area would be a threat to the bullish phase testing the EMA 200 and 1.2350/00 region. Overall I remain neutral.



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