GBPUSD Daily Forecast: May 04 2016
The GBPUSD attempted to push higher yesterday slipped above the daily EMA 200 but whipsawed to the downside and closed lower at 1.4534. The bias is bearish in nearest term testing 1.4400 area. Immediate resistance is seen around 1.4600. A clear break above that area could lead price to neutral zone in nearest term testing 1.4670 but key resistance remains around the daily EMA 200 located around 1.4750.