GBPUSD Daily Forecast: March 08 2016

The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4133 but whipsawed to the upside and closed higher at 1.4262. The bias is bullish in nearest term testing 1.4300. A clear break and daily close above that area could trigger further bullish pressure testing 1.4500 region. Immediate support is seen around 1.4195. A clear break below that area could lead price to neutral zone in nearest term testing 1.4130 region which is a good place to buy with a tight stop loss.