GBPUSD Daily Forecast: February 15

GBPUSD Forecast

The GBPUSD continued its bearish momentum yesterday bottomed at 1.5473. There are no changes in my technical outlook. The bias remains bearish in nearest term still testing 1.5450/00. Immediate resistance remains around 1.5550/70. A clear break back above that area could lead price to neutral zone in nearest term but as long as stays below 1.5700 I still prefer a bearish intraday outlook as a part of the false breakout bearish scenario.