GBPUSD Forecast

The GBPUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.5635 but closed higher at 1.5683. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.5800 area as a part of the bullish correction phase since bounced from 1.5270. Immediate support remains around 1.5635 – 1.5600. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.

width=480px

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.