GBPUSD Daily Forecast: February 11 2016

The GBPUSD had another indecisive movement yesterday but keep printing lower highs and lows since found a good support at 1.4350 on Monday. The bias is bullish in nearest term testing 1.4600 before targeting 1.4700 region. Immediate support is seen around 1.4515. A clear break below that area could lead price to neutral zone in nearest term testing 1.4450 (H1 EMA 200). My major technical outlook remains neutral but I prefer a bullish intraday scenario at this phase and any downside pullback should be seen as a good opportunity to buy.