GBPUSD Daily Forecast: March 21

GBPUSD Forecast
The GBPUSD was indecisive yesterday, printed an inside bar formation as you can see on my daily chart below. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.3982 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 1.3950/20 region but any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.4065 – 1.4087 region. A clear break above that area would retest 1.4275 key resistance.

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