GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.0965. A clear break above that area could trigger further bullish pressure testing 1.3000 – 1.3050 area. Immediate support is seen around 1.2900. A clear break below that area could trigger further bearish pressure testing 1.2865 area which is a good place to buy with a tight stop loss. Overall I remain bullish based on the double bottom formation on daily chart after bounced off 1.2000 support in January 16.


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