GBPUSD Daily Forecast: April 21 2016

GBPUSD Daily Forecast: April 21 2016

21 April 2016, 06:48
Roberto Jacobs
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GBPUSD Daily Forecast: April 21 2016

GBPUSD Forecast

The GBPUSD failed to continue its bullish momentum yesterday and hit 1.4320 earlier today. The bias is neutral in nearest term probably with a little bearish bias after another rejection to move above 1.4400 – 1.4500 region as you can see on my H4 chart below testing 1.4240 support area. On the upside, 1.4400 – 1.4500 remains a good place to sell with a tight stop loss above 1.4500. My major technical outlook remains neutral.

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