GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.5338. The bias is bearish in nearest term testing 1.5300. A clear break below that area could trigger further bearish pressure testing 1.5250 or lower. Immediate resistance is seen around 1.5440. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish with medium term target seen around 1.5170 region. Potential daily range today is seen between 1.5300 – 1.5440.
