GBPUSD Daily Forecast: January 14

GBPUSD Forecast

The GBPUSD was indecisive last week. The false breakout bearish scenario should remain intact but nearest term bias is neutral. Important intraday range to be closely watched is seen between 1.6180 – 1.6080. A clear break above 1.6180 could trigger further bullish pressure testing 1.6250 or higher. On the other hand, a clear break below 1.6080 could trigger further bearish pressure testing 1.6000.