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GBPUSD Daily Forecast: July 11

GBPUSD Daily Forecast: July 11
Wednesday, July 11th, 2018 @ 4:04 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase after broke above the bearish channel but rejected above the EMA 200 as you can see on my H4 chart below. Potential range area is seen between 1.3315 – 1.3200 which need to be broken to see clearer direction. A clear break above 1.3315 would expose 1.3400 area. On the other hand, a clear break below 1.3200 would invalidate the bullish phase testing 1.3100 – 1.3000 region.

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