The GBPUSD had a bearish momentum yesterday bottomed at 1.5837. The bias is bearish in nearest term testing 1.5800 – 1.5750 area. Immediate resistance is seen around 1.5870. A clear break above that area could lead price to neutral zone in nearest term testing 1.5900/30 but overall I still prefer a bearish scenario at this phase as a part of the false trend line breakout bearish scenario as you can see on my daily chart below.
Most Popular Slideshows
- Top Ten Most Peaceful Countries in the World in 2013 [SLIDESHOW]
- Kim Kardashian Baby Girl: Suggested Ways Kanye West’s New Born Can Earn Money to Keep Up with the Kardashians [PHOTOS]
- Asus Transformer Infinity Pad, Sony Vaio Duo, Toshiba Satellite, A Look at Intel's Haswell 4th Generation Ultrabooks and Notebooks [Photos]
- 'Fifty Shades of Grey' Movie Casting: Selena Gomez Open to Nude Role, Ready for Anastasia Steele? [PHOTOS]