GBPUSD Daily Forecast: April 20 2016

GBPUSD Daily Forecast: April 20 2016

20 April 2016, 05:47
Roberto Jacobs
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GBPUSD Daily Forecast: April 20 2016

GBPUSD Forecast

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.

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