GBPUSD Daily Forecast: March 22

GBPUSD Forecast
As expected, the GBPUSD had a bullish momentum yesterday topped at 1.4150 and hit 1.4169 earlier today in Asian session. First, the bearish channel was violated. Secondly, the triple top formation was broken. And now price broke above the high of inside bar and the mother bar as you can see on my daily chart below, giving us a convincing bullish structure. The bias is bullish in nearest term testing 1.4230 – 1.4275 area. Immediate support is seen around 1.4100 – 1.4075 area. A clear break below that area could lead price to neutral zone in nearest term but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.