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GBPUSD Daily Forecast: July 12

GBPUSD Daily Forecast: July 12
Thursday, July 12th, 2018 @ 4:10 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 had a bearish momentum yesterday bottomed at 1.3200 and hit 1.3189 earlier today in Asian session. The bias is bearish in nearest term testing 1.3100 – 1.3050 support area especially if price able to make a clear break and consistent movement below 1.3200. Immediate resistance is seen around 1.3225. A clear break above that area could lead price to neutral zone in nearest term testing 1.3275 or higher.

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