GBPUSD Forecast:

The GBPUSD was able to maintain its bullish bias yesterday, topped at 1.5496 and closed at 1.5455 but traded lower around 1.5435 at the time I wrote this comment today. The bias is neutral in nearest term. Overall the pair still move in range area of 1.5520 – 1.5200 indicating consolidation after bullish run from 1.4779 but I still prefer a bullish scenario at this phase. However we need a clear break above 1.5520 to continue the bullish scenario targeting 1.5750 – 1.5800 area this week. Immediate support at 1.5370. Break below that area could trigger further downside pressure but as long as price stay above 1.5200 the bullish scenario remains intact.

Related Posts:

  • GBPUSD Daily Forecast: April 26
  • GBPUSD Daily Forecast: February 23
  • GBPUSD Daily Forecast: March 04
  • Daily Forecast for Crosses: March 31
  • GBPUSD Daily Forecast: March 09
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