GBPUSD Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.5725 but whipsawed to the downside and closed at 1.5656. There are no changes in my technical outlook. The bias remains bearish in nearest term 1.5600 – 1.5550/15 support area. Immediate resistance remains around 1.5735. A clear break above that area could lead price to neutral zone in nearest term testing 1.5800 but as long as stays below 1.5850 I still prefer to sell on rallies.

width=480px

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

.