25 Januari 2016 2:04 AM
GBPUSD Forecast
The GBPUSD was indecisive last week formed a Doji on weekly chart. Price attempted to push higher but found a good resistance around 1.4365 and closed lower back below the H1 EMA 200 as you can see on my H1 chart below. Overall I remain bearish but price is in a consolidation phase now. The bias is bullish in nearest term retesting 1.4365 area which seems to be a good place to sell with a tight stop loss as a clear break and daily close above that area could trigger further bullish pullback testing 1.4400 – 1.4500 region. Immediate support is seen around 1.4240. A clear break below that area could lead price to neutral zone in nearest term but key support is seen around 1.4100 which need to be clearly broken to the downside to continue the bearish scenario.
