GBPUSD Daily Forecast: May 11 2016

GBPUSD Daily Forecast: May 11 2016

11 May 2016, 06:34
Roberto Jacobs
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GBPUSD Daily Forecast: May 11 2016

GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.4350 – 1.4300 as a part of the bearish scenario after the false break above the daily EMA 200 as you can see on my daily chart below. Immediate resistance remains around 1.4479. A clear break above that area could lead price to neutral zone in nearest term testing 1.4540 region.

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