GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.5128 but whipsawed to the upside and closed higher at 1.5263, keep the bullish scenario intact. The bias remains neutral in nearest term as price still consolidating since the bullish running from 1.4804 with expected range at 1.5135/28 – 1.5380. Immediate support remains at 1.5202. Break below that area could trigger another bearish pressure re-testing 1.5135/28 region. We need a clear break above 1.5380 to continue the bullish scenario towards 1.5550 even 1.5830 region. On the other hand, consistent move below 1.5135/28 could be a serious threat to the bullish outlook testing 1.5000 area.

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