GBPUSD Forex forecast for today – May 14, 2020

It’s been a tug of war, but sellers have held on, keeping price at 1.22167.

Let’s look at the charts for our next potential targets.

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GBPUSD forecast for today.

gbpusd daily -forecast-today-14-May-2020
Chart of the GBPUSD forecast for today, May 14, 2020

The bears are holding on to their gains. They will likely test 1.21701 and probably shoot below 1.20868

Alternative scenario

The bulls have not made it easy either, they’ve held price at 1.22167 support level.

If they are to muscle strength we shall see a sharp rise to the daily pivot 1.23882 and a mad hunt for levels above 1.24715

Final remarks.

Hope you have yourself a great and profitable trading day.

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Happy trading.

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