Forex Market Analysis: GBPUSD Daily Forecast May 03

gbp_usd_news_1GBPUSD Forecast

The GBPUSD continued its bullish momentum yesterday and now struggling around 1.4670. The bias is bullish in nearest term testing the daily EMA 200 located around 1.4750. Immediate support is seen around 1.4620. A clear break below that area could lead price to neutral zone in nearest term testing 1.4580 or lower. My major technical outlook remains neutral.

GBPUSD, Daily

Origin: FXOpen

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