GBPUSD Daily Forecast: March 31 2016

GBPUSD Daily Forecast: March 31 2016

31 March 2016, 05:47
Roberto Jacobs
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GBPUSD Daily Forecast: March 31 2016

GBPUSD Forecast

The GBPUSD attempted to push higher yesterday topped at 1.4459 but whipsawed to the downside and hit 1.4347 earlier today. As you can see on my H1 chart below, this fact could produce another false breakout (above 1.4400) bearish scenario. The bias is bearish in nearest term testing 1.4280 – 1.4200 region. My major technical outlook remains neutral and I think 1.4400 – 1.4500 region is a good place to sell with a tight stop loss above 1.4500.

gbpusd1


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