Technical Analysis for GBPUSD

Technical Analysis for GBPUSD

The GBPUSD had a bullish momentum yesterday and hit 1.5218 earlier today. The bias is bullish in nearest term but overall I still prefer a bearish scenario. Immediate resistance is seen around 1.5250 – 1.5300 which seems to be a good place to short with a tight stop loss. Immediate support is seen around 1.5170/50. A clear break below that area could lead price to neutral zone in nearest term testing 1.5100.