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GBPUSD Daily Forecast: March 16
Sunday, March 15, 2015 21:35
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GBPUSD Forecast
The GBPUSD continued its bearish momentum last week bottomed at 1.4697 but traded higher earlier today hit 1.4771. The bias is bearish in nearest term testing 1.4700 – 1.4650 area. Immediate resistance is seen around 1.4800. A clear break above that area could lead price to neutral zone in nearest term testing 1.4850 – 1.4900 area but any upside pullback now is normal and should be seen as a good opportunity to sell.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-march-16-4
