GBPUSD  Forecast

The GBPUSD continued its bullish bias yesterday and still able to stay above 1.5900 so far. The bias is bullish in nearest term testing 1.6000 but only a clear break and daily close above 1.6000 could cancel the false breakout bearish scenario and activate my bullish mode. Immediate support is seen around 1.5900. A clear break back below that area could lead price to neutral zone in nearest term testing 1.5850 – 1.5800 area. Overall price has been moving sideways in the last two weeks without clear direction and momentum.

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