GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.4638. The bias is bearish in nearest term testing 1.4600 – 1.4585 area. Immediate resistance is seen around 1.4730 – 1.4780 which is a good place to sell with a tight stop loss. Fundamental focus will be on the US ADP Non-Farm Employment Change, Trade Balance and the FOMC meeting minutes.
