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GBPUSD Daily Forecast: March 30

Wednesday, March 29, 2017 18:57
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GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2375 but whipsawed to the upside and closed higher at 1.2435. The bias is neutral in nearest term but as long as stay below 1.2475 I prefer a bearish scenario at this phase targeting 1.2350 – 1.2300 region as a part of the bearish scenario after fell below the bullish channel as you can see on my H1 chart below. On the upside, a clear break and daily close back above 1.2475 would nullify the current short-term bearish trend testing 1.2530 area or higher. Overall I remain neutral.



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  • Frankly speaking, I am not sure how things are going to turn around here; I would definitely like to go for sell. I do it confidently under OctaFX, as they are awesome with having daily market updates which is provided for free and is very effective. I also like the swap free account option through which I am not required to worry much about paying overnight charges, so that really keeps me entirely relaxed and comfortable with working in tough situations.

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