GBPUSD Daily Forecast: April 20

GBPUSD Forecast
The GBPUSD was corrected lower yesterday and now struggling around the daily EMA 200 (1.2780) as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 1.2750. A clear break below that area could trigger further bearish pressure testing 1.2700 or lower. Immediate resistance is seen around 1.2810. A clear break above that area could trigger further bullish pressure testing 1.2860 – 1.2900 and keep the double bottom bullish scenario remains alive and kicking.