The GBPUSD was indecisive last week but overall still able to maintain its bearish bias so far. The bias is bearish in nearest term testing 1.5000 – 1.4950. Immediate resistance is seen around 1.5050. A clear break above that area could lead price to neutral zone in nearest term testing 1.5100/50 but overall I still prefer a bearish scenario with sell on rallies strategy.
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- SEE PHOTOS! Eva Longoria Wears No Panties at Cannes 2013, Revealed in Embarrassing Wardrobe Malfunction [SLIDESHOW]
- Demi Lovato Snapped Getting Flirty with The X-Factor Boss, Simon Cowell? [PHOTOS]