GBPUSD Forecast
The GBPUSD failed to continue its bullish correction yesterday bottomed at 1.4723. The bias is bearish in nearest term testing 1.4700 key support area. A clear break and daily close below that area could trigger further bearish scenario testing 1.4500 region. Immediate resistance is seen around 1.4780. A clear break above that area could lead price to neutral zone in nearest term testing 1.4850. Overall I still prefer a bearish scenario at this phase.


By FXOpen