GBPUSD Daily Forecast: April 29

By @ibtimes on

GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.6745 but whipsawed to the downside and closed lower at 1.6643. Overall price is still in a bullish outlook. 1.6635 still provide a good intraday support so far but strong selling activities yesterday force my intraday mode in neutral zone and need a consistent movement at least back above 1.6700 to continue the bullish scenario targeting 1.6850 and 1.7000. On the downside, a clear break below 1.6635 could trigger further bearish correction testing 1.6580 – 1.6500 support area.

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