GBPUSD Daily Forecast: May 20 2016

GBPUSD Daily Forecast: May 20 2016

GBPUSD Forecast

The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4500 area. On the upside, key resistance remains around the daily EMA 200 located around 1.4700 region. A clear break and daily/weekly close above that area would activate my bullish mode targeting 1.5000 next week.