GBPUSD Daily Forecast: April 07 2016
The GBPUSD attempted to push lower yesterday slipped below 1.4050 but closed higher at 1.4121. The bias is neutral in nearest term but looks like we have a potential false break bullish scenario especially if price able to make a clear break and daily close above 1.4175 testing 1.4280 region. On the downside, key support is seen around 1.4000. A clear break below that area could trigger further bearish scenario and activate my bearish mode.