GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.5067 but closed higher at 1.5099 and touched 1.5146 earlier today in Asian session. On h4 chart below we can see that price still unable to move consistently below 1.5128 – 1.5070 area. The bias is neutral in nearest term. Immediate resistance at 1.5170 area. Break above that area could trigger further bullish momentum testing 1.5250 region and keep the medium term bias intact. Initial support at 1.5070 followed by 1.5000 area. Break below 1.5000 could trigger further bearish pressure testing 1.4950 before targeting 1.4779 area.

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