GBPUSD Daily Forecast: March 18 2016

GBPUSD Daily Forecast: March 18 2016

18 March 2016, 05:52
Roberto Jacobs
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GBPUSD Daily Forecast: March 18 2016

GBPUSD Forecast

The GBPUSD had a strong bullish momentum yesterday topped at 1.4503. The bias remains bullish in nearest term testing 1.4580 area. Immediate support is seen around 1.4400. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.4300 price is still in a bullish phase as a part of a bullish scenario after a false break below 1.4130 as you can see on my H1 chart below. My major technical outlook is neutral.

gbpusd1


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