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GBPUSD Daily Forecast: March 05
Wednesday, March 4, 2015 22:49
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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.5251. The bias remains bearish in nearest term testing 1.5210. A clear break and daily close below that area could trigger further bearish scenario testing 1.5100 as a part of the bearish scenario after broke below the bullish channel as you can see on my hourly chart below. Immediate resistance is seen around 1.5275. A clear break above that area could lead price to neutral zone in nearest term testing 1.5330 but any upside pullback now should be seen as a good opportunity to sell.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-march-05-4
