GBPUSD Daily Forecast: May 23 2016
The GBPUSD attempted to push higher last week topped at 1.4663 but closed lower at 1.4497. As you can see on my daily chart below, the daily EMA 200 and 1.4700 region is a key resistance at this phase. The bias is neutral in nearest term probably with a little bearish bias testing 1.4400 – 1.4350 region. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode targeting 1.5000 area.