GBPUSD Daily Forecast: March 02 2016

The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term but as long as stays below 1.4080 I still prefer a bearish scenario at this phase. Immediate resistance is seen around 1.4018 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.4080. Immediate support is seen around 1.3900. A clear break below that area could trigger further bearish pressure testing 1.3840 area. Fundamental focus will be on the US NFP on Friday.