GBPUSD  Forecast

The GBPUSD had a bullish momentum yesterday and now struggling around 1.5930 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 1.5930 testing 1.6000 but only a clear break and daily close back above 1.6000 would reactivate my bullish mode. Immediate support is seen around 1.5900. A clear break below that area could lead price to neutral zone in nearest term testing 1.5850 – 1.5800 area. The false breakout bearish scenario should remain intact but would need a clear break and daily close below 1.5800 strong support area to continue the bearish scenario testing 1.5700 – 1.5650.

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