GBPUSD Forecast:

The GBPUSD was indecisive yesterday, formed a Doji on daily chart. Price attempted to push lower, but found support at the lower line of the bullish channel as you can see on my h4 chart below, indicating the bullish correction scenario remains intact with 1.4865 as nearest target especially if price able to move consistently above 1.4720 area today before testing 1.5000 – 1.5050 area. Immediate support at 1.4575 area. Break below that area and violation to the bullish channel could be a serious threat to the bullish scenario at this phase.

Related Posts:

  • GBPUSD Daily Forecast: June 02
  • GBPUSD Daily Forecast: May 06
  • GBPUSD Daily Forecast: February 12
  • GBPUSD Daily Forecast: March 03
  • Daily Forecast for Crosses: February 19
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