GBPUSD Daily Forecast: May 10 2016

GBPUSD Daily Forecast: May 10 2016

10 May 2016, 05:12
Roberto Jacobs
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GBPUSD Daily Forecast: May 10 2016

GBPUSD Forecast

The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias since the false breakout above the daily EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.4350 – 1.4300. Immediate resistance is  around 1.4479 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.4540 region.

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