GBPUSD Daily Forecast: February 26 2016

The GBPUSD was corrected higher yesterday topped at 1.3996. The bias is neutral in nearest term. Immediate support is seen around 1.3920. A clear break below that area could trigger further bearish pressure testing 1.3880/50 region. Immediate resistance is seen around 1.4000. A clear break above that area could trigger further bullish pullback testing 1.4080 which is a good place to sell with a tight stop loss.