GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday but overall still able to maintain its bearish bias so far. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bearish bias testing 1.5090 area. Immediate resistance remains around 1.5235. A clear break above that area could trigger further bullish pressure testing 1.5300 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Potential daily range today remains between 1.5090 – 1.5300. On the downside, a clear break and daily close below 1.5090 could trigger further bearish scenario testing 1.5000 psychological level.
