GBPUSD Daily Forecast: June 06 2016
The GBPUSD was indecisive last week. As you can see on my daily chart below price is moving sideways between 1.4700 – 1.4350 and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term. Immediate support is seen around 1.4350. A clear break and daily close below that area could trigger further bearish pressure testing 1.4000 this week. Immediate resistance is seen around 1.4480 – 1.4500 area. A clear break and daily close above that area could trigger further bullish pressure retesting 1.4700 key resistance.