GBPUSD Forecast
The GBPUSD was corrected higher yesterday topped at 1.4852. The bias is bullish in nearest term testing 1.4900 but overall I still prefer a bearish scenario at this phase and any upside pullback now should be seen as a good opportunity to sell. Immediate support is seen around 1.4785. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong testing 1.4700 area. On the upside, a clear break above 1.4900 would interrupt the bearish scenario and could trigger further bullish correction testing 1.5000 but overall I remain bearish.


By FXOpen