GBPUSD Daily Forecast: April 25 2016
The GBPUSD had a bullish momentum last week topped at 1.4451 and hit 1.4468 earlier today. The bias is bullish in nearest term but price is now in my “sell zone” as you can see on my H4 chart below with a tight stop loss above 1.4500. Immediate support is seen around 1.4400. A clear break below that area could lead price to neutral zone in nearest term testing 1.4350 area or lower. On the upside, a clear break and daily close above 1.4500 could trigger further bullish pressure testing 1.4600 or higher. My major technical outlook remains neutral.