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GBPUSD Daily Forecast: March 19
Wednesday, March 18, 2015 18:17
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GBPUSD Forecast
The GBPUSD had a strong bullish momentum yesterday after FOMC, topped at 1.5164 but closed lower at 1.4975. This fact interrupts the major bearish scenario. The bias is bullish in nearest term retesting 1.5164. Immediate support is seen around 1.4900 – 1.4850. A clear break below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance. I prefer to stand aside for now.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-march-19-4
