GBPUSD Daily Forecast: March 01 2016

The GBPUSD was corrected higher yesterday topped at 1.3946. The bias is neutral in nearest term but as long as stays below 1.4080 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Immediate resistance is seen around 1.3960 followed by 1.4040. Immediate support is seen around 1.3880 followed by 1.3840.