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GBPUSD Daily Forecast: July 17

GBPUSD Daily Forecast: July 17
Tuesday, July 17th, 2018 @ 4:13 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 attempted to push higher yesterday topped at 1.3292 but closed lower at 1.3234. The bias is neutral in nearest term. We have a bearish pin bar printed at EMA 200 as you can see on my H4 chart below suggests a potential bearish pressure testing 1.3200 support area. A clear break and daily close below 1.3200 would retest 1.3100 region. Immediate resistance is seen around 1.3315. A clear break and daily close above that area would retest 1.3360 or higher.

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