GBPUSD  Forecast

The GBPUSD had a bearish momentum yesterday and hit 1.6276 earlier today in Asian session after another failure to make a clear break above 1.6400. The bias is bearish in nearest term testing 1.6250 – 1.6170 but note that the daily outlook remains sideways. Immediate resistance at 1.6360. A clear break above that area would change the intraday bias to bullish retesting 1.6400 but we need a clear break above 1.6400 to continue the bullish scenario, still testing 1.6450 – 1.6500.

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