GBPUSD Daily Forecast: April 07 2016

GBPUSD Daily Forecast: April 07 2016

7 April 2016, 05:56
Roberto Jacobs
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GBPUSD Daily Forecast: April 07 2016

GBPUSD Forecast

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.

gbpusd1


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