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.
Trading on GU is not a bad bet, but just need to make sure we go with sensible approach. It’s pretty helpful with broker like OctaFX since they are amazing with wide range of benefits and features that counts for tidy spreads starting from 0.1 points with having over 70 instruments, negative balance protection, cash back up to 50% on all trades even on losing one, so all this is absolutely fantastic and helps to fair levels which keeps me comfortable.
Trading on GU is not a bad bet, but just need to make sure we go with sensible approach. It’s pretty helpful with broker like OctaFX since they are amazing with wide range of benefits and features that counts for tidy spreads starting from 0.1 points with having over 70 instruments, negative balance protection, cash back up to 50% on all trades even on losing one, so all this is absolutely fantastic and helps to fair levels which keeps me comfortable.