GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.4665 followed by 1.4730 which is a good area to sell with a tight stop loss. Although I remain bearish, note that we have a Doji/Pin bar formation on daily chart suggests a potential bullish pullback or at least a consolidation market. We need a clear break and daily close below 1.4500 to continue the bearish scenario testing 1.4250 area. On the upside, A clear break and daily close above 1.4730 and the H1 EMA 200 would give further confirmation of the bullish reversal scenario challenging the trend line resistance as you can see on my H1 chart below. Fundamental focus today will be on the US NFP number.
