GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.5831 but further bearish pressure was rejected and closed higher at 1.5901. The bias is neutral in nearest term. Immediate resistance is seen around 1.5920. A clear break above that area could trigger further bullish pressure retesting 1.6000 but only a clear break and daily close back above 1.6000 could create further bullish scenario and reactivate my bullish mode. Immediate support is seen around 1.5850. A clear break below that area could trigger further bearish pressure testing 1.5800 or lower as the false breakout bearish scenario should remain strong.

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