GBPUSD  Forecast

The GBPUSD continued its bullish momentum yesterday, topped at 1.6598 but closed lower at 1.6518. The bias is neutral in nearest term but still within a context of a strong bullish scenario after the break above the bullish flag and range area as you can see on my h4 chart below at least testing 1.6700 area. On the downside, immediate support at 1.6470.  A clear break below that area would change the intraday bias to bearish but only a movement back below 1.6400 support area can be a threat to the current bullish technical outlook. Today some markets are closed on Good Friday.

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