GBPUSD Daily Forecast: March 07 2016

GBPUSD Daily Forecast: March 07 2016

7 March 2016, 04:46
Roberto Jacobs
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GBPUSD Daily Forecast: March 07 2016

GBPUSD Forecast

The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.4080 – 1.4105 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

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