GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday but still unable to break below 1.5800 support area and hit 1.5878 earlier today. There are no changes in my technical outlook. The bias is neutral in nearest term. Price has been moving sideways since Monday without clear direction and momentum. The false breakout bearish scenario remains intact but need a clear break below 1.5800 strong support area to continue the bearish scenario testing 1.5700 – 1.5650. Immediate resistance is seen around 1.5920/30. A clear break above that area could trigger further bullish pressure retesting 1.6000 region.

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