GBPUSD Daily Forecast: September 26

GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday and slipped below 1.6150 earlier today. This fact is a threat to the bullish outlook especially if price able to make a clear break and consistent movement below 1.6150 and the trend line, testing 1.6000 region. Immediate resistance is seen around 1.6210. A failure to make a clear break below 1.6150 and movement back above 1.6210 would keep price in sideways condition but also keep the bullish scenario remains strong testing 1.6300 – 1.6400 area.

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