GBPUSD Daily Forecast: May 04

GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias and hit a fresh three-weeks low at 1.3535. The bias remains bearish in nearest term testing 1.3500 – 1.3460 region. Immediate resistance is seen around 1.3627 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.3660 region but as long as stay below 1.3710 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.