GBPUSD Daily Forecast: May 18 2016

GBPUSD Daily Forecast: May 18 2016

18 May 2016, 06:37
Roberto Jacobs
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GBPUSD Daily Forecast: May 18 2016

GBPUSD Forecast

The GBPUSD attempted to push higher yesterday topped at 1.4523 but closed lower at 1.4460. The bias is neutral in nearest term probably with a little bearish bias testing 1.4400 – 1.4350 region. Immediate resistance is seen around 1.4480 followed by 1.4530. Technically, I remain bearish after the false break above the daily EMA 200 as you can see on my daily chart below. Fundamental focus will be on the FOMC Meeting Minutes.

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