GBPUSD Daily Forecast: May 17 2016

GBPUSD Daily Forecast: May 17 2016

17 May 2016, 06:57
Roberto Jacobs
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GBPUSD Daily Forecast: May 17 2016

GBPUSD Forecast

The GBPUSD had a bullish momentum yesterday topped at 1.4414 and hit 1.4493 earlier today. The bias is bullish in nearest term testing 1.4530 region. Immediate support is seen around 1.4450 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.4400 which need to be clearly broken to the downside to keep the false break bearish scenario remains strong. On the upside, a clear break and daily close above 1.4530 could trigger further bullish pressure retesting the daily EMA 200 this week.

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