GBPUSD Forecast:

The GBPUSD continued its bullish momentum yesterday, topped at 1.5600 and closed at 1.5594. The bias remains bullish in nearest term targeting 1.5685. Break above that area could trigger further upside pressure testing 1.5815. Immediate support at 1.5470 (former resistance). Break below that area could lead us into neutral zone but overall we are still in upside phase.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.