GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4837 but whipsawed to the upside and closed higher at 1.4950. The bias is neutral in nearest term. Immediate resistance is seen around 1.5000. A clear break above that area could trigger further bullish pressure testing 1.5050 – 1.5100 region. Immediate support is seen around 1.4900. A clear break below that area could trigger further bearish pressure testing 1.4850 or lower. I still prefer to stand aside for now.
