GBPUSD Daily Forecast: April 20

(Before It's News)

GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.5052. The bias is bullish in nearest term especially if price able to make a consistent movement above 1.5000 testing 1.5100 or higher. Like I said, a clear break above 1.5000 could be an early signal of a major bullish reversal scenario so we are at a very important technical point now. Immediate support is seen around 1.4920. A clear break below that area could lead price to neutral zone in nearest term testing 1.4880/50 region.

• USDJPY Daily Forecast: April 20
• USDCHF Daily Forecast: April 20
• Silver Speculators trimmed net bullish positions for 2nd week
• Soft US data creating the biggest stirs at the end of the week’s trading (Joshua Privett)
• Currency Speculators decrease US Dollar bullish bets for 3rd consecutive week
• 10-Year Treasury Note Speculators decreased net bearish positions last week
• Crude Oil Speculators net bullish positions gained sharply for 3rd straight week
• Gold Speculators net bullish positions edged lower following 3 weeks of gains
• Sterling set for uncertainty against the Euro (Tom Holian)
• Don’t Hang on for that Extra Buck