GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.4971 but whipsawed to the downside and closed lower at 1.4865. The bias is bearish in nearest term testing 1.4750 but overall price remains sideways between 1.5000 – 1.4750 as you can see on my hourly chart below. Immediate resistance is seen around 1.4900. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Buying around 1.4750 or selling around 1.5000 with a tight stop loss seems to be the best trading plan for now.
