GBPUSD Daily Forecast: February 28

By @ibtimes on

GBPUSD  Forecast

The GBPUSD was volatile but indecisive on Friday. The bias is neutral in nearest term and overall price still trapped in range area of 1.6300 – 1.5950. Immediate resistance at 1.6180. A clear break above that area would change the intraday bias to bullish and open the door for further upside pressure retesting 1.6272 – 1.6300 key resistance area. On the downside, a clear break below 1.6030 (Friday’s low)) would continue the bearish pressure retesting 1.5950.  Key support – resistance: 1.5950 – 1.6300.

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