GBPUSD Daily Forecast: March 11 2016

The GBPUSD attempted to push lower yesterday, slipped below 1.4130 but whipsawed to the upside topped at 1.4317. The bias is bullish in nearest term testing 1.4400 before targeting 1.4500. Immediate support is seen around 1.4240. A clear break below that area could lead price to neutral zone in nearest term testing 1.4200 area but as long as stays above 1.4130 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.