GBPUSD Forecast
The GBPUSD attempted to push higher yesterday slipped above 1.5675 but whipsawed to the downside and closed lower at 1.5595. The bias is bearish in nearest term testing 1.5540 area. Immediate resistance is seen around 1.5625. A clear break above that area could lead price to neutral zone in nearest term retesting 1.5675. Potential daily range today remains between 1.5540 – 1.5675. My major technical outlook remains neutral.
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The GBPUSD attempted to push higher yesterday slipped above 1.5675 but whipsawed to the downside and closed lower at 1.5595. The bias is bearish in nearest term testing 1.5540 area. Immediate resistance is seen around 1.5625. A clear break above that area could lead price to neutral zone in nearest term retesting 1.5675. Potential daily range today remains between 1.5540 – 1.5675. My major technical outlook remains neutral.
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GBPUSD Daily Forecast: July 30
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