GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.4805. The bias remains bearish in nearest term testing 1.4750 – 1.4700 area. Immediate resistance is seen around 1.4865. A clear break above that area could lead price to neutral zone in nearest term testing 1.4900 – 1.4950 but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
