GBPUSD Weekly Forecast
GBPUSD bounced from the 1.2250 area last week.
If you saw last weekend’s forecast, you know that I was keeping an eye on the 1.2240 support region.
As of now, GBPUSD bulls need to secure a daily close above 1.2530 to expose higher levels.
One such level is the recent swing high at 1.2800.
Alternatively, a rotation lower followed by a close below the 1.2250 area would signal weakness.
If you saw last weekend’s forecast, you know that I was keeping an eye on the 1.2240 support region.
As of now, GBPUSD bulls need to secure a daily close above 1.2530 to expose higher levels.
One such level is the recent swing high at 1.2800.
Alternatively, a rotation lower followed by a close below the 1.2250 area would signal weakness.
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