GBPUSD Daily Forecast: May 18

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3569 but closed lower at 1.3514. The bias is neutral in nearest term and there are no changes in my technical outlook. Price has been moving sideways between 1.3617 – 1.3450 for almost two weeks now and we need a clear break from that range area to see clearer direction. As long as stay below 1.3710 I remain bearish but need a clear break below 1.3480/50 strong support to resume the bearish phase testing 1.3330 region.