GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.5500 area. Immediate resistance is seen around 1.5615. A clear break above that area could trigger further bullish pressure testing 1.5650 or higher. Potential daily range today is seen between 1.5500 – 1.5615. My major technical outlook remains neutral.
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The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.5500 area. Immediate resistance is seen around 1.5615. A clear break above that area could trigger further bullish pressure testing 1.5650 or higher. Potential daily range today is seen between 1.5500 – 1.5615. My major technical outlook remains neutral.
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GBPUSD Daily Forecast: August 12
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