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GBPUSD Daily Forecast: May 14
Tuesday, May 14, 2013 0:35
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GBPUSD Forecast
The GBPUSD continued its bearish bias yesterday bottomed at 1.5277 but corrected higher earlier today hit 1.5329. The bias remains bearish in nearest term testing 1.5250 – 1.5200. Immediate resistance is seen around 1.5330. A clear break above that area could lead price to neutral zone in nearest term testing 1.5385 – 1.5425 but overall I still prefer a bearish scenario at this phase.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-may-14-3
