GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.4564 but whipsawed to the upside and hit 1.4691 earlier today. The bias is bullish in nearest term testing 1.4750 but overall I still prefer a bearish scenario at this phase. Immediate support is seen around 1.4635. A clear break below that area could lead price to neutral zone in nearest term but would keep the major bearish scenario remains strong testing 1.4550 – 1.4500 area.
