GBPUSD Daily Forecast: May 19 2016
The GBPUSD had a bullish momentum yesterday topped at 1.4634. The bias is bullish in nearest term retesting the daily EMA 200 and 1.4700 region which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4525. A clear break below that area could lead price to neutral zone in nearest term testing 1.4450 region. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode.