GBPUSD Forecast
The GBPUSD was indecisive yesterday, printed an inside bar formation as you can see on my daily chart below. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.3982 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 1.3950/20 region but any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.4065 – 1.4087 region. A clear break above that area would retest 1.4275 key resistance.

Inside bar: Forex education

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