The GBPUSD had a bearish momentum yesterday bottomed at 1.6154. Overall I still prefer a bullish scenario at this phase but the bias is bearish in nearest term testing 1.6100. CCI is moving back below 100 level as you can see on my daily chart below suggests a potential bearish pullback. Immediate resistance is seen around 1.6180. A clear break above that area could lead price to neutral zone in nearest term but would give the bullish scenario another chance targeting 1.6250 – 1.6300.
Most Popular Slideshows
- Top Ten Richest Americans [PHOTOS]
- Is Orlando Bloom’s Wife, Miranda Kerr Singing Love Songs for James Packer? [WATCH VIDEOS]
- 'Jelena' Romance: Selena Gomez Shares her Most Shocking Date with Justin Bieber Involving $3M- Diamond [PHOTOS/VIDEO]
- Fast & Furious Actor Paul Walker Dies In Car Crash: Hoax That Became Truth [PHOTOS/ VIDEOS]