GBPUSD Daily Forecast: February 18 2016

The GBPUSD was indecisive yesterday. Price is struggling around the trend line support as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.4350. A clear break above that area could trigger further bullish pressure testing 1.4400 or higher and give the bullish scenario another chance. On the downside, key support is seen around 1.4275 – 1.4235. A clear break and daily close below that area would confirm the bearish scenario targeting 1.4080.