GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.5210 but was traded higher earlier today in Asian session around 1.5260 at the time I wrote this comment. Note that in medium point of view we are still in a range area of 1.5520 – 1.5128 and need a clear break on either side to see clearer direction. Immediate support at 1.5175. Break below that area could trigger further bearish pressure testing 1.5128. Initial resistance at 1.5315 area. Break above that area could trigger further bullish momentum testing 1.5400 area.

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  • Daily Forecast for Crosses: May 04
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