GBPUSD Daily Forecast: April 20 2016
The GBPUSD continued its bullish momentum yesterday topped at 1.4418. The bias remains bullish in nearest term testing 1.4500. My major technical outlook remains neutral and 1.4400 – 1.4500 seems to be a good place to sell with a tight stop loss above 1.4500. Immediate support is seen around 1.4350. A clear break below that area could lead price to neutral zone in nearest term testing 1.4300 – 1.4270 area. My major technical outlook remains neutral.