GBPUSD Forecast
The GBPUSD had another insignificant movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 1.5675 resistance area. Immediate support is seen around 1.5540. A clear break below that area could trigger further bearish pressure testing* 1.5500 or lower. Potential daily range today remains between 1.5540 – 1.5675 which need to be broken to see clearer direction. My major technical outlook remains neutral.
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The GBPUSD had another insignificant movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 1.5675 resistance area. Immediate support is seen around 1.5540. A clear break below that area could trigger further bearish pressure testing* 1.5500 or lower. Potential daily range today remains between 1.5540 – 1.5675 which need to be broken to see clearer direction. My major technical outlook remains neutral.
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GBPUSD Daily Forecast: August 04
