GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.5423 but closed a little bit higher at 1.5489. The bias is neutral in nearest term probably with a little bearish bias testing 1.5420 area. Immediate resistance is seen around 1.5540. A clear break above that area could trigger further bullish pressure testing 1.5600 region. Potential daily range today is seen between 1.5420 – 1.5540. Overall I prefer a bearish scenario.
