Forex Market Analysis. GBPUSD Daily Forecast: February 26

eu-l13The GBPUSD was corrected higher yesterday topped at 1.3996.

The bias is neutral in nearest term. Immediate support is seen around 1.3920. A clear break below that area could trigger further bearish pressure testing 1.3880/50 region. Immediate resistance is seen around 1.4000.

A clear break above that area could trigger further bullish pullback testing 1.4080 which is a good place to sell with a tight stop loss.

GBP/USD, D1

Origin: FXOpen

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