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GBPUSD Daily Forecast: November 04
Wednesday, November 4, 2015 0:26
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GBPUSD Forecast
The GBPUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term. Immediate resistance is seen around 1.5440. A clear break above that area could trigger further bullish pressure testing 1.5505 key resistance (triple top) which remains a good place to sell with a tight stop loss. Immediate support is seen around 1.5350. A clear break below that area could trigger further bearish pressure testing 1.5300 or lower. My major technical outlook remains neutral. We will have some high impact news/data today: US Trade Balance and ADP NFP. Draghi and Yellen are also scheduled to make statement which could be a market catalyst.
Source: http://www.fxinstructor.com/blog/gbpusd-daily-forecast-november-04-6
