GBPUSD Forecast
The GBPUSD continued its bearish momentum last week bottomed at 1.4506 and slipped below 1.4500 earlier today. The bias is bearish in nearest term testing 1.4450. A clear break and daily close below that area could trigger further bearish pressure targeting 1.4250 this week. Immediate resistance is seen around 1.4560. A clear break above that area could lead price to neutral zone in nearest term testing 1.4600 – 1.4665 area which is a good place to sell with a tight stop loss. As long as stays below the trend line resistance I remain bearish and any upside pullback should be seen as a good opportunity to sell.
