GBPUSD Daily Forecast: March 06

GBPUSD Forecast

The GBPUSD was indecisive yesterday. Price attempted to push higher but still found a good resistance around 1.5200. There are no changes in my technical outlook. The bias is neutral in nearest term. I still prefer a bearish scenario with sell on rallies strategy.  Immediate support is seen around 1.5090. A clear break below that area could trigger further bearish pressure testing 1.5050/00. On the upside, a clear break and daily close above 1.5200 could trigger further bullish correction testing 1.5250 – 1.5300.