GBPUSD Daily Forecast: September 07

GBPUSD Forecast

The GBPUSD continued its bullish momentum yesterday and hit 1.5982 earlier today. The bias remains bullish in nearest term testing 1.6000. A clear break above that area could trigger further bullish pressure testing 1.6050/60 – 1.6120. CCI and MACD are in overbought are on hourly and h4 chart so any downside pullback now is normal but as long as stays above 1.5780 I still prefer to buy on dips. Immediate support is seen around 1.5920. A clear break below that area could lead price to neutral zone in nearest term testing 1.5870/50 region. Fundamental focus today will be on the US NFP.

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