GBPUSD Forecast:

The GBPUSD attempted to push higher yesterday, topped at 1.5484 but whipsawed to the downside, bottomed at 1.5351 and closed at 1.5366. The bias is bearish in nearest term testing 1.5250 area but note that as long as price still move inside the bullish channel, the upside scenario should remain intact. Immediate resistance at 1.5440. Break above that area could trigger further bullish momentum targeting 1.5550.

Related Posts:

  • GBPUSD Daily Forecast: February 16
  • GBPUSD Daily Forecast: March 05
  • GBPUSD Daily Forecast: March 01
  • GBPUSD Daily Forecast: March 04
  • GBPUSD Daily Forecast: April 07
  • ©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.