GBPUSD Daily Forecast: April 28 2016
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. My major technical outlook remains neutral with key intraday resistance seen around 1.4670 as you can see on my H4 chart below. As long as stay below 1.4670 I prefer a bearish intraday scenario at this phase. Immediate support is seen around 1.4500 – 1.4470 area. A clear break and daily close below that area could trigger further bearish pressure testing 1.4400 region. On the upside, a clear break and daily close above 1.4670 could trigger further bullish pressure testing 1.4750 key resistance (daily EMA 200).