GBPUSD Daily Forecast: April 29 2016

GBPUSD Daily Forecast: April 29 2016

29 April 2016, 05:55
Roberto Jacobs
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GBPUSD Daily Forecast: April 29 2016

GBPUSD Forecast

The GBPUSD had a bullish momentum yesterday topped at 1.4622. The bias is bullish in nearest term testing 1.4670 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4550. A clear break below that area could lead price to neutral zone in nearest term testing 1.4500 area. On the upside, a clear break and daily/weekly close above 1.4670 could trigger further bullish pressure testing 1.4750 key resistance (daily EMA 200).

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