GBPUSD Daily Forecast: March 16 2016
GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.4138 and slipped below 1.4130 earlier today. The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1.4130 targeting 1.4080 – 1.4000 area. Immediate resistance is seen around 1.4170. A clear break above that area could lead price to neutral zone in nearest term testing 1.4220 region. As long as stays below 1.4300 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
