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GBPUSD Daily Forecast: April 11
Monday, April 10, 2017 18:33
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GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.2428. The bias is neutral in nearest term. The bearish outlook after broke below the triangle (see my H1 chart below) remains valid with 1.2450 as key resistance (H1 EMA 200). A clear break above that area would nullify the bearish scenario testing 1.2500 region. Immediate support is seen around 1.2375. A clear break below that area would expose 1.2300 region. Overall I remain neutral.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-april-11-5
