GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Potential daily range is seen between 1.5650 – 1.5800 as you can see on my h1 chart below. Buy around 1.5650 or sell around 1.5800 with a tight stop loss seems to be the best intraday plan for now. A clear break below 1.5650 could trigger further bearish pressure testing 1.5600 – 1.5550 region. On the other hand, a clear break above 1.5800 could trigger further bullish scenario targeting 1.6000 area.
