GBPUSD Daily Forecast: January 15 2016

GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase targeting 1.4250 but need a clear break and daily/weekly close below 1.4350 to continue the bearish scenario. Potential daily range today is seen between 1.4500 – 1.4350.