GBP/USD Forecast The GBPUSD attempted to push lower yesterday - TopicsExpress

GBP/USD Forecast The GBPUSD attempted to push lower yesterday bottomed at 1.5053 but closed higher at 1.5108. The bias remains bearish in nearest term but note that we have a hammer candlestick formation on daily chart suggests a potential bullish pullback. Immediate resistance is seen around 1.5150. A clear break above that area could lead price to neutral zone in nearest term testing 1.5200 – 1.5275. Overall I still prefer a bearish scenario at this phase with sell on rallies strategy targeting 1.5000 region.

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