GBPUSD Forecast
The GBPUSD was indecisive last week. The bias is neutral in nearest term probably with a little bearish bias testing 1.5450 support area. Immediate resistance is seen around 1.5600. As you can see on my H1 chart below price is still moving inside a bullish channel and above the EMA 200 suggests a bullish outlook. Buying around 1.5450 – 1.5400 with a tight stop loss seems to be a good idea at this phase. Potential daily range today is seen between 1.5450 – 1.5600. My major technical outlook remains neutral.
