GBPUSD Daily Forecast: May 27 2016

GBPUSD Daily Forecast: May 27 2016

27 May 2016, 06:14
Roberto Jacobs
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GBPUSD Daily Forecast: May 27 2016

GBPUSD Forecast

The GBPUSD was indecisive yesterday. Price attempted to push higher, slipped above 1.4700 and the daily EMA 200 as you can see on my daily chart below but unable to make a clear breakout so far and hit 1.4656 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 1.4600 – 1.4550 support area. On the upside, 1.4700 remains a key resistance. A clear break and daily/weekly close above that area would activate my bullish mode next week targeting 1.5000 area.

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