GBPUSD Forecast:

The GBPUSD continued its bearish momentum on Friday. On h4 chart below we can see that price is now testing the 1.4475 support area. Break below that area could trigger further bearish momentum targeting 1.4375/50 region. Immediate resistance at 1.4600/30 region. Break above that area could trigger further upside correction and activate my wait and see mode but I still prefer a bearish scenario with short on rallies strategy at this phase.

Related Posts:

  • GBPUSD Daily Forecast: May 10
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  • GBPUSD Daily Forecast: February 17
  • GBPUSD Daily Forecast: February 25
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