GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.5587 but whipsawed to the downside and hit 1.5471 earlier today. The bias is bearish in nearest term testing 1.5420. Price is struggling around the EMA 200 as you can see on my hourly chart below suggests a struggle between buyers and sellers around that area with no winner so far. Immediate resistance is seen around 1.5510 followed by 1.5560. CCI just crossed above -100 line suggests a potential upside pullback. Potential daily range is seen between 1.5560 – 1.5420.
