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GBPUSD Daily Forecast: July 30

GBPUSD Daily Forecast: July 30
Monday, July 30th, 2018 @ 5:02 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 didn’t make significant movement last week but overall still able to maintain its major bearish trend following a false break above the bearish channel as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure retesting 1.3000 psychological level which remains a good place to buy. Immediate resistance is seen around 1.3160. A clear break above that area would retest the EMA 200 located around 1.3215 area.

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