GBPUSD Daily Forecast: January 08

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By swibowo | January 8, 2014 6:21 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.6435 – 1.6335.  A clear break above 1.6435 could trigger further bullish pressure testing 1.6475 or higher. On the other hand, a clear break below 1.6335 could trigger further bearish pressure testing 1.6300 – 1.6259 key support area. As long as stays above 1.6259 the major bullish outlook should remain valid.

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