GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias and moving below the trend line as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bearish bias testing 1.4900 area. Immediate resistance is seen around 1.5030. A clear break above that area could trigger further bullish pressure testing the trend line resistance and 1.5100 area which is a good place to sell with a tight stop loss. Fundamental focus today will be on the UK retail sales m/m and US Philly Fed Manufacturing Index and Unemployment Claims. My major technical outlook is neutral.
