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GBPUSD Daily Forecast: April 10

Sunday, April 9, 2017 19:45
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GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.2365. Price broke below the triangle formation as you can see on my H1 chart below suggests a bearish short-term trend. The bias is bearish in nearest term testing 1.2300. Immediate resistance is seen around 1.2420. A clear break above that area could lead price to neutral zone in nearest term testing 1.2470 area. Overall I remain neutral.


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  • Trading on this pair would be good time here, as we have already seen so much action, so there is all likely that we will enter into recovery mode, so won’t be bad to buy. We just need to make sure to have correct level of money management, as that is the key part of the deal. I do it with confidence under OctaFX given they got luxurious 50% deposit bonus which is use able, so that helps me improve on the margin levels massively.

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