GBPUSD Daily Forecast: February 10

The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.4350 support area. Immediate resistance is seen around 1.4540. A clear break and daily close above that area could trigger further bullish pressure testing 1.4700 region. Potential daily range today is seen between 1.4540 – 1.4350. On the downside, a clear break below 1.4350 could trigger further bearish pressure testing the trend line support located around 1.4250 area as you can see on my H1 chart below. Overall I remain neutral.