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GBPUSD Daily Forecast: March 27

Sunday, March 26, 2017 19:03
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(Before It's News)

GBPUSD Forecast
The GBPUSD continued its bullish momentum last week topped at 1.2531. Price is still moving convincingly above the H1 EMA 200 as you can see on my H1 chart below suggests a valid short-term bullish trend. The bias remains bullish in nearest term testing 1.2570 – 1.2600 region. Immediate support is seen around 1.2460. A clear break below that area could lead price to neutral zone in nearest term testing 1.2400 support area. On the upside, a clear break and daily close above 1.2570 – 1.2600 would expose 1.2770 region this week. Overall I remain neutral.



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