GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.4699 but whipsawed to the upside and hit 1.4872 earlier today. The bias is bullish in nearest term testing 1.4950. Immediate support is seen around 1.4800. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, a clear break above 1.4950 – 1.5000 could be an early signal of a major/long term bullish reversal scenario.
