GBPUSD  Forecast

The GBPUSD had a bullish momentum on Friday after unable to make a clear break below 1.5650 last week, closed higher at 1.5840. The bias is bullish in nearest term testing 1.5900 – 1.6000 key resistance area. However note that price is still trapped in the range area of 1.6000 – 1.5650 in the last seven weeks, keep my medium outlook remains unclear. Immediate support is seen around 1.5800. A clear break below that area could lead price to neutral zone in nearest term testing 1.5750 – 1.5700 support area.

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