GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4326 but closed higher at 1.4407. The bias is neutral in nearest term probably with a little bullish bias testing 1.4500 area. Immediate support is seen around 1.4365 followed by 1.4326 (yesterday’s low) located around the H1 EMA 200 as you can see on my H1 chart below. A clear break and daily close below the H1 EMA 200 could trigger further bearish pressure testing 1.4200 region which need to be clearly broken to the downside to potentially end the current bullish correction phase.
