The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.4170.
A clear break below that area could trigger further bearish pressure testing 1.4130 – 1.4080 which is a good place to buy with a tight stop loss targeting 1.4300. Immediate resistance is seen around 1.4240. A clear break above that area could trigger further bullish pressure testing 1.4300 area or higher.
On the downside, a clear break and daily close below 1.4130 – 1.4080 would activate my bearish mode targeting 1.4000 – 1.3900 region.
Origin: FXOpen
