GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.5125 but whipsawed to the downside and closed lower at 1.5080. As you can see on my H1 chart below, price failed to make a clear break above H1 EMA 200. The bias is neutral in nearest term probably with a little bearish bias retesting 1.5000 psychological support which need to be clearly broken to the downside to continue the bearish scenario targeting 1.4850 region. On the upside, a clear break above the H1 EMA 200 and 1.5125 could trigger further bullish pressure testing the trend line resistance which is a good place to sell. Fundamental focus will be on US NFP on Friday.
