The GBPUSD had another indecisive movement yesterday. There were some upside pressures earlier today hit 1.4960. The bias is neutral in nearest term probably with a little bullish bias testing 1.5000 area but any upside pullback now is normal and overall I still prefer a bearish scenario with sell on rallies strategy. Immediate support is seen around 1.4900 – 1.4885. A clear break below that area could trigger further bearish pressure testing 1.4800. On the upside, a clear break and daily close above 1.5000 could trigger further bullish correction testing 1.5050 – 1.5100.
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- SEE PHOTOS! Eva Longoria Wears No Panties at Cannes 2013, Revealed in Embarrassing Wardrobe Malfunction [SLIDESHOW]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- Demi Lovato Snapped Getting Flirty with The X-Factor Boss, Simon Cowell? [PHOTOS]