GBPUSD Weekly Forex Forecast (May 22 – 26, 2017)

The GBPUSD has been one of the holdouts concerning recent USD weakness, especially compared to its Euro counterpart.

The pair has been trapped in a 130 pip range since closing above 1.2860 on April 27th.

Friday’s price action changed that. With a 1.3036 close, the pair now has its sights set on the next resistance level at 1.3100.

However, there’s a good chance price will mean revert toward 1.2985/90 given the overextension as measured by the 10 and 20 EMAs.

From here traders can watch for buying opportunities on a rotation back to support at 1.2985/90.

Additional upside targets to be discussed if and when buyers manage a close above the 1.3100 handle.

Source: Daily Price Action 43836 Laburnum Sq Ashburn, Virginia 20147 United States (240) 778-3679

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply