GBPUSD Daily Forecast: March 07 - Forex
International Business Times
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By swibowo | March 7, 2013 4:49 PM EST

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GBPUSD Forecast

The GBPUSD regained its bearish momentum yesterday bottomed at 1.4973. The bias is bearish in nearest term testing 1.4900. Immediate resistance is seen around 1.5040/50. A clear break above that area could lead price to neutral zone in nearest term testing 1.5100 but any upside pullback now is normal and overall I still prefer a bearish scenario with sell on rallies strategy.

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