GBPUSD Daily Forecast: March 17 2016
GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.4052 but whipsawed to the upside and closed higher at 1.4255. As long as stays below 1.4300 the bearish phase should remain valid but this fact could be seen as a false break below 1.4130. 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 1.4435 region. Immediate support is seen around 1.4200. A clear break below that area could lead price to neutral zone in nearest term retesting 1.4130 area.
