GBPUSD Daily Forecast: February 15

GBPUSD Daily Forecast: February 15

15 February 2016, 05:23
Roberto Jacobs
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GBPUSD Daily Forecast: February 15
15 Februari 2016 2:19 AM

GBPUSD Forecast

The GBPUSD was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 1.4350 I still prefer a bullish intraday scenario at this phase targeting 1.4700 region. Immediate resistance is seen around 1.4580. A clear break and daily close above that area could trigger further bullish pressure testing 1.4700 region. Immediate support is seen around 1.4440. A clear break below that area could trigger further bearish pressure testing 1.4350 which is a good place to buy with a tight stop loss. My major technical outlook remains neutral.

gbpusd1


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